Cadillac keeps plan to sell Chinese-made cars in US
In an interview during the annual Detroit auto show, Cadillac President Johan de Nysschen said manufacturing a new plug-in hybrid in China - where the market for alternative drivetrain vehicles is far larger than in the US - made more business sense than having assembly plants in both countries. "It would not have at all been economically feasible to tool up twice and so we are faced with a question: Either we don't bring the car to the US at all or we import it in low volume from China." Trump has recently attacked auto makers for seeking to import cars made in Mexico with lower-cost foreign labour, threatening them with stiff tariffs and casting a long shadow over the start of this year's international auto showcase. Sales in China rose 43 per cent in the first 10 months of 2016 to 89,530 units but fell 5.6 per cent in the United States to 133,234. Sales of electrified vehicles represented fewer than three percent of the US market in 2016 and Cadillac would not envision a significant effect on its revenues in such a scenario, he added.
http://www.channelnewsasia.com/news/business/cadillac-keeps-plan-to-sell-chinese-made-cars-in-us/3428646.html
|