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Some car talk for you now afford opening -- half billion dollar engine plant in China and it is not the only auto maker expanding over there.
-- -- -- -- -- -- -- -- -- -- -- -- Day getting -- GM is aiming squarely at the lucrative luxury market in China.
By starting work on a new Cadillac factory in Shanghai and -- CEO Dan Akerson -- 40% of luxury vehicles worldwide.
Will be sold in China -- and of this decade.
Now take a look so they hope to triple Cadillac sales in China to 100000 units by 2015.
This is they try to grab 10% of the luxury car market by 20/20 if you're trying to sell expensive -- Australia China is the place to do it check this out.
Cadillac is aiming -- not only Beijing and Shanghai.
But also third and fourth tier cities in central and southern China.
We're talking -- growing upper middle class and you there -- Buying up these nicer cars -- full or lose focus model is really popular -- carrying out is also revving up its engines.
They plan to double their engine production capacity to meet rapidly growing demand for its brand.
-- twenty million vehicles by 2015 and if that's successful this would be fifth fastest expansion.
Anywhere in fifty years now.
-- play -- because right now Chinese roads continue to be dominated by -- simple flag pins and to a certain extent Hyundai switcher.
Popular among the taxi driving sat so.
Ford branded dominating 70% of the car market the very big Mike Connell an interest -- -- that story thank you -- intent.
In the newsroom for us on today and --
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