General Motors Co., the largest foreign automaker in China, will increase the number of Cadillac dealerships in the country by about 25 percent as it competes against German luxury automakers led by Volkswagen AG’s Audi.
General Motors Co., which counts China as its biggest market by volume, said its sales in the world’s largest auto market may see a lift next year from gains in commercial vehicle deliveries and demand for passenger cars.
General Motors Co. , the largest overseas carmaker in China, has failed to replicate that success in India. To crack the market, the Detroit-based carmaker is enlisting its partner in China, SAIC Motor Corp.
General Motors Co., the world’s biggest automaker, said China’s auto industry is poised to rebound from its worst four-month slump in 14 years as consumers return to car dealerships during the second half.
General Motors Co. and Ford Motor Co. reported gains in sales in the world’s largest auto market last month as Chinese consumers shunned Japanese brands amid a territorial dispute between the two countries.