Cadillac News, Concepts, Future Models, Rumors and more Discussion, Cadillac News: GM to build $1.3 billion Cadillac plant in China in Current Cadillac Vehicle Discussion; Filed under: China , Plants/Manufacturing , Cadillac , GM General Motors has gotten approval to build a $1.3 billion manufacturing ...
- 05-08-13 07:40 PM #1
Cadillac News: GM to build $1.3 billion Cadillac plant in China
Filed under: China, Plants/Manufacturing, Cadillac, GM
General Motors has gotten approval to build a $1.3 billion manufacturing facility for its Cadillac brand in China. China's National Development and Reform Commission signed off on plans for GM to build the plant in the country's Shanghai's Jinqiao zone; construction is expected to begin in June of this year. According to a Bloomberg report, the plant will have an annual production capacity of 150,000 units.
No surprise here, but Cadillac would like to sell a lot more cars in the plush Chinese luxury market. The brand moved only 30,010 cars in China last year, compared with 400k for Audi, and about 330k for BMW. With Cadillac already telling us that it would be moving production of its XTS sedan to China - a production decision that saves having to pay 25-percent import tariffs - approval of the factory is a critical win for the company.
In fact, according to earlier comments by GM China president Bob Socia, it's at least conceivable that Chinese-built Cadillacs could be shipped back to the US for sale. The brave new world of globalization, getting stranger by the minute.GM to build $1.3 billion Cadillac plant in China originally appeared on Autoblog on Wed, 08 May 2013 18:28:00 EST. Please see our terms for use of feeds.
Permalink | Email this | Comments
- 06-02-13 09:06 AM #2Originally Posted by Cadillac Forum
That said under circumstances GM made a wise move
+ Reply to Thread
Gear in this thread - Powered by O'Reilly Auto Parts
- Car-Freshner Little Trees - Air Freshener
Air Freshener - Relax; 3 Pak
- Purple Power - Cleaner/Degreaser
Cleaner/Degreaser - Industrial Strength; 2.5 GallonMore on Purple Power - Cleaner/Degreaser
- Mothers Nulens - Headlight Renewal Kit
Headlight Renewal Kit - All-In-One Kit; Includes: 3" Backing Plate, Powerball 4Lights(R) Polishing Tool, Restoration Discs, 8 Oz. PowerPlastic 4Lights(R) Polish