Latest News:  

English>>Business

Restyled Cadillac CTS to aim China auto market

By MICHAEL BARRIS in New York  (Chinadaily.com.cn)

13:39, March 28, 2013

A Cadillac CTS is displayed at the New York auto show, March 27, 2013. [Michael Barris / chinadaily.com.cn]

General Motors Co is aiming high in China's automobile market - high end, that is.

In an effort to capture a bigger chunk of the country's growing appetite for luxury vehicles, the largest US automaker is putting a trio of Cadillac sedans at the head of its pitch to buyers in China.

The redesigned Cadillac CTS that will go into production later this year and Cadillac's ATS and XTS are expected to drive a 50 percent jump in sales of the luxury brand in China, Cadillac brand chief Bob Ferguson said. US Cadillac sales are expected to rise a less robust 32 percent.

Ferguson's remarks, made Tuesday as GM unveiled the restyled CTS ahead of the New York International Auto Show, followed his statement in February that he expected Cadillac sales in China to triple to 100,000 by 2015.

Boosting Cadillac's standing in China has been one of Ferguson's goals since taking over as brand chief in October. The restyling of the CTS into a larger, more dramatically styled, and far more powerful vehicle reflects GM's effort to win over the Chinese luxury vehicle buyer, who currently tends to favor German brands BMW, Audi and Mercedes-Benz.

Ferguson has said he believes Chinese car buyers will embrace American luxury.


【1】 【2】



We recommend:

China's financial might takes shape

Top 10 Chinese cities with highest urbanization quality

Chinese investment in Africa: Digging deeper

Top 10 innovative cities in Asia-Pacific

Nation may limit gold to 2% of foreign reserves

Lu Zhaoxi named Alibaba's new CEO

Email|Print|Comments(Editor:WangXin、Chen Lidan)

Leave your comment0 comments

  1. Name

  

Selections for you


  1. High-sea training taskforce in Nansha Islands

  2. Marines conduct shooting training

  3. 2013 New York Int'l Auto Show

  4. Strong sand storm swallows Lanzhou

  5. The toughest roads to school

  6. TV on modern Chinese couple hits Africa

  7. Guangdong Close to Eighth CBA Title

  8. Serious in Seattle

  9. BYD profits tumble in 2012

  10. Beijing's second oldest McDonald outlet shut

Most Popular

Opinions

  1. Significant risks remain for global economy:BRICS
  2. BRICS summit offers bright sunrise
  3. Western leaders learned nothing from Iraq disaster
  4. What are the fruits of Obama's Middle East visit?
  5. Home prices thwarts people's 'Chinese dream'
  6. Economic slowdown puts peaceful rise in focus

What’s happening in China

Man's 20-year habit leads to kidney stone

  1. Lady sparks interest in home brands
  2. Plans to cool housing sector
  3. Taiwan plans pilot free economic zone
  4. 20 jailed for terrorism, separatism in Xinjiang
  5. 2 dead in C China hotel wall collapse