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This week, General Motors and its Shanghai-GM passenger vehicle joint venture with SAIC began manufacturing the new Cadillac XTS sedan at a plant in Shanghai, with all cars to be sold in China. A GM factory in Oshawa, Ontario, started production of the XTS last summer for sale in North America.
To better serve the needs of local customers, the China-market XTS will also be offered with a smaller displacement 2.0-liter turbocharged inline-four gasoline engine, which is not available in the U.S..
The XTS will be marketed in five different configurations with prices ranging from 349,900 Yuan and 569,900 Yuan ($55,100 to-$91,400), which is significantly more than what Cadillac commands for the car in the States ($44,075 to $64,360).
Currently, Cadillac China’s dealer network numbers 150 shops, roughly doubling in the past year, while GM plans to open another 100 outlets by 2015. The luxury brand delivered 30,000 vehicles in China in 2012 and has set an annual target of more than 100,000 units by 2015.
“We are reaching the next level of Cadillac growth in China,” said Bob Ferguson, vice president Global Cadillac. “This expansion in localized assembly for our brand in China coincides with the strong momentum of our new product portfolio and significant growth in the dealer network.”
Articles Source : Carscoop
