U.S. automaker General Motors says it is planning to manufacture its luxury Cadillac model in China as it looks to gain a bigger foothold in the world’s largest car market.
GM, one of the world’s largest automakers, said Tuesday it had reached agreement with Chinese authorities to build a $1.3 billion manufacturing plant in Shanghai. General Motors said it would start construction next month on the facility, which will have an annual production capacity of 150,000 vehicles.
At the …
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