GM says China sales to hit 5 million next yearBy AP News Apr 21, 2014 11:45AM UTC
BEIJING (AP) — The president of General Motors says sales of GM-brand vehicles in China should reach 5 million next year, and Cadillac sales will double to 100,000.
Speaking at the Beijing auto show, Dan Amman said Sunday that the Detroit automaker and its Chinese partners plan to open three additional factories this year and two next year.
General Motors is neck-and-neck with Germany’s Volkswagen AG for China’s biggest-selling vehicle brand.
The company said previously it, along with local partners, will invest $11 billion in China between this year and 2017.