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GM CEO Dan Akerson said on Monday that the company would expand its dealership network in China this year by about 600.
"We will expand our dealer network to 3,500 stores from the 2,900 that we ended up with in 2011," he told reporters.
GM also announced they will build the new Cadillac there too.
General Motors Co. announced Monday at the Beijing auto show that it will begin building its all-new 2013 Cadillac XTS sedan in China this year and later will build the ELR luxury electric coupe in the country.
The production announcements mark a significant step in GM's push for Cadillac to become a global brand.
"Introducing the XTS is part of our strategy of adding one new model per year to our Cadillac lineup in China through 2016 to address the needs of luxury car buyers nationwide," GM Chairman and CEO Dan Akerson said in a statement.
ELR technology details, production location and its Chinese introduction date will be announced at a later time, according to a news release. The XTS will be available in the fourth quarter in China and will be manufactured by Shanghai General Motors, a partnership between GM and SAIC Motor Corp.
http://www.detroitnews.com/article/20120423/AUTO0103/204230371#ixzz1ssJ21ogH
http://www.reuters.com/article/2012/04/23/gm-dealerships-idUSL5E8FN6CE20120423
http://www.drudgereport.com/
"We will expand our dealer network to 3,500 stores from the 2,900 that we ended up with in 2011," he told reporters.
GM also announced they will build the new Cadillac there too.
General Motors Co. announced Monday at the Beijing auto show that it will begin building its all-new 2013 Cadillac XTS sedan in China this year and later will build the ELR luxury electric coupe in the country.
The production announcements mark a significant step in GM's push for Cadillac to become a global brand.
"Introducing the XTS is part of our strategy of adding one new model per year to our Cadillac lineup in China through 2016 to address the needs of luxury car buyers nationwide," GM Chairman and CEO Dan Akerson said in a statement.
ELR technology details, production location and its Chinese introduction date will be announced at a later time, according to a news release. The XTS will be available in the fourth quarter in China and will be manufactured by Shanghai General Motors, a partnership between GM and SAIC Motor Corp.
http://www.detroitnews.com/article/20120423/AUTO0103/204230371#ixzz1ssJ21ogH
http://www.reuters.com/article/2012/04/23/gm-dealerships-idUSL5E8FN6CE20120423
http://www.drudgereport.com/
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