General Motors broke ground on a $1.3 billion Cadillac plant in Shanghai, China.
The new plant will have a capacity of 160,000 vehicles a year and includes a research and development center. The company did not disclose which models would be produced at the Shanghai plant.
The automaker plans “to triple the number of Cadillacs sold in China to 100,000 by 2015 and quadruple its share of the luxury car sector to 10 percent by 2020.”
The company intends to launch one new Cadillac model in China each year for the next five years.
Source: Associated Press via Detroit Free Press
