Tractors Cadillac aims for bigger piece of China's luxury market

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BEIJING (Bloomberg) -- General Motors Co., the biggest overseas automaker in China, will concentrate on luxury sales in the nation in the next three to five years as increasing wealth drives demand for premium vehicles.

GM plans to expand its Cadillac range to compete for affluent consumers currently buying BMW and Audi cars, according to Kevin Wale, the carmaker's China president.

Read more: http://www.autonews.com/article/20111221/OEM/312219875#ixzz1hBTSB4eB
 
 
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