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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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More luxury market articles

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
Report – Uber negotiating deal with Chinese carpooling application Dida
In a market dominated by two local powerhouses, Didi Dache and Kuaidi Dache, California-based Uber Technologies still believes it can ...
Ferrari’s driver hierarchy already set – Fiorio
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Mar.31 (GMM/Inautonews.com) Dr Helmut Marko remains doubtful Red Bull can catch up in 2015. After Australia, the Red Bull official ...
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Mar.31 (GMM/Inautonews.com) Norbert Haug has lamented the demise of Germany's historic grand prix. "It does not send the right signals ...
Ecclestone’s criticism of Vettel wrong – Berger
Mar.31 (GMM/Inautonews.com) Gerhard Berger has hit back at Bernie Ecclestone, following the F1 supremo's criticism of Sebastian Vettel. Before Vettel ...
Old chiefs deserve credit for Ferrari win – Montezemolo
Mar.31 (GMM/Inautonews.com) Luca di Montezemolo insists Ferrari's former management should not be forgotten after the fabled team returned to ...
Hamilton flags 2016 deal announcement ‘this week’
Mar.31 (GMM/Inautonews.com) Lewis Hamilton's new Mercedes deal is still inching towards the signatures, the reigning world champion says. After months ...
Mercedes to re-think ‘fair play’ strategies – Wolff
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A few images with the new generation of the Audi A4 have emerged and they are revealing part of its ...
Honda S660 Concept Edition introduced
The Honda S660 Concept Edition has been designed to celebrate the launch of the regular S660 and it is a ...
[VIDEO] See this Ferrari LaFerrari do donuts inside
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Mechanic takes BMW M4 Coupe for refill, crashes it
A BMW mechanic has taken an M4 Coupe for a refill but he ended up crashing the performance model into ...
Recall roundup: BMW X5 for airbag problems
BMW has recently issued a recall for the X5 full-sized SUV because of a problem with its airbags. The German based ...
[VIDEO] Ferrari 488 GTB filming its promo
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Aston Martin Vulcan to debut in North America
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