Thursday, Jul 28, 2016
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Automotive

GM breaks ground on China Cadillac factory

SHANGHAI, China — General Motors Co. executives broke ground for a Cadillac factory in China on Wednesday to target luxury buyers in the world’s biggest auto market, though they said the segment would grow slower than expected this year.

Company leaders said they were optimistic about long-term growth in the luxury segment and have aggressive plans to expand Cadillac’s dealer network.

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