GM plans to assemble three Cadillacs in China

Newswire

By Michael Ellis DETROIT, Aug 21 (Reuters) - General Motors Corp. plans to assemble at least three Cadillac cars in China in the next two years, part of its aggressive plans to launch the brand in the fastest-growing automotive market in the world. Like its competitors BMW AG , Mercedes and Audi , GM sees a sizable amount of pent-up demand for luxury vehicles among a growing number of wealthy consumers in China. "On top of explosive growth, the desire for prestige products in China ...

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