GM sales drop 3.5% as rental sales slide; retail deliveries rise 12th straight monthTue, 03, May 2016
GM's April sales fell 3.5 percent, amid another big drop in deliveries to rental companies. GM sold 259,557 vehicles last month. Its retail sales rose for the 12th straight month, up 3.3 percent, to 200,656, driven by strong demand for pickups and SUVs.
De Nysschen takes the long view on profit marginMon, 02, May 2016
Cadillac President Johan de Nysschen told Reuters in at the Beijing auto show last week that he is targeting an 11 percent operating margin in 10 years for the brand. Of course, GM never reports the profit margins of its units, and de Nysschen declined to give incremental contributions of Cadillac to GM profits before the 10-year mark.
GM China sees strong growth for luxury models and EVsThu, 28, Apr 2016
Chinese consumers' continued preference for luxury brands could help make that country Cadillac's largest global market in the next five to 10 years, the head of General Motors China said today.
Cadillac targets 11% operating margin in 10 yearsMon, 25, Apr 2016
Cadillac is targeting an 11 percent operating margin in 10 years, brand President Johan de Nysschen said today in an interview with Reuters, laying out a timeline for the long-term turnaround.
Beijing show opens up to challenger brandsSun, 24, Apr 2016
The Beijing auto show going on this week has become a showcase for Audi, BMW and Mercedes-Benz -- the dominant luxury brands in China -- as well as challengers such as Cadillac, Lincoln and Infiniti.
Cadillac dealer-pay details due this summerMon, 11, Apr 2016
Cadillac dealers will learn more about the brand's new Project Pinnacle dealer-payment program when executives hit the road this summer for a nationwide "town hall" tour, dealers were told at their make meeting at the NADA convention.