GM will also add more automated safety features such as lane-drift alerts, blind-spot detection, and partially autonomous driving technology for hands-free driving on highways and in heavy traffic, company executives added. 'Like a half-filled bag of salty snacks, there simply arent enough semiconductor chips to go around these days,' writes CNET. The automaker will introduce 10 new updated Cadillac models in China, and by 2020, all of its Cadillac, Buick, and Chevrolet models in the country will offer Internet connectivity. ![]() In 2015, Chinese sales of sport-utility vehicles and crossovers increased 52% from the previous year, and luxury car sales went up by 10%, according to the report, citing data from PWC’s consulting group.įor that reason, about 40% of GM’s new and updated models in China in the next five years will be SUVs and high-end minivans, the Journal reports. Mark Wakefield, a consultant with AlixPartners in Detroit, told Bloomberg that US car companies were now making 3,000 more per car than average, as well as up to 10,000 more on certain pickups and SUVs. However, GM (GM) isn’t deterred and is focusing on the growing demand for luxury cars there. Cadillac confirmed the Level 2 hands-free driver-assist system is not available, at least for now. Technology Your hands-free car drives way more politely than you Joann Muller, author of Axios What's Next 2021 Cadillac Escalade with Super Cruise technology allows hands-free highway driving. GM expects China’s car market to grow 3% to 5% per year until 2020, compared with its 4.7% growth last year, 7% growth in 2014, and double-digit jump in the years prior.Ī stock market plunge in the first two months of this year extended an ongoing trend: In 2015, China grew at its slowest pace, as the Journal notes. On Monday, the automaker detailed its goals at a press briefing in Beijing, including plans to introduce 60 new models in the Chinese market in the next five years, according to the Wall Street Journal.
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