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Cadillac Aims At Smaller China Cities to Increase Luxury Market Share


As competition intensifies in China, GM plans to triple sales of its luxury Cadillac unit by 2015. To attract wealthy customers in smaller Chinese cities, GM will introduce in the region Cadillac’s global portfolio and add a locally manufactured model each year until 2016, according to Bob Socia, GM’s China head. GM also aims at increasing the number of its dealerships ...
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Bentley’s global deliveries rose 22 percent in 2012
Bentley Motors today announced global growth of 22 percent in 2012 as deliveries to customers increased to 8,510 cars (7,003 cars in 2011). The figure maintains Bentley’s position as the leading ...
Mercedes Values Half of BMW
Mercedes’ goal to become world’s biggest luxury-car maker fades away as Daimler investors value the company at half what BMW is worth. BMW saw its market capitalization increase to 45 billion ...
Luxury Cars Account for a Quarter of the Worldwide Luxury Goods Market
The worldwide luxury goods market, with a total value of 960 billion euro, is dominated by the following branches in this order: hotels-traveling, cars and watches-jewelry. If luxury services in the ...
[PHOTO GALLERY] 2013 Acura ILX Sedan revealed at Chicago
Acura has recently revealed the 2013 ILX Sedan during the Chicago Auto Show, which is coming with some interesting new features along with a hybrid powertrain. According to the car manufacturer, ...
Q3 imports in China exceeded 700,000 vehicles
According to Sinotrust, a China Automobile Trading and market solution company, during the third quarter of 2011 China imported approximately 712,000 vehicle, with 26.6% more than last year. Also, 612,000 ...
Lexus forecasts 12% growth on US auto luxury market in 2012
Lexus, the luxury brand of Toyota Motor Corp., announced that the U.S. division isn’t aiming to be the best selling luxury brand, preferring to concentrate “first in quality, value, customer ...
Audi wants to double China’s production
Volkswagen’s owned premium automaker Audi Ag prepares to build a second factory in addition to the one in Changchun. By this, the automaker is preparing to double its production in ...
New Mercedes CLC to hit 2012 New York Auto Show
One of the most expected new models from Mercedes-Benz, the CLC sedan, will be officially unveiled during the next year’s New York Auto Show and, even if it hadn’t been ...
Hyundai Genesis to get AWD in 2014
The new generation of the Hyundai Genesis will benefit from the all-wheel drive technology and will hit the market in 2014. “We do have a plan to fix that (the lack ...

latest automotive news
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