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Stock impact report

Foreign car companies bet on technology to hang onto once-lucrative China auto market [CNBC]

General Motors Company (GM) 
Last general motors company earnings: 2/5 08:05 am Check Earnings Report
US:NYSE Investor Relations: gm.com/investors/index.html
Company Research Source: CNBC
U.S., Korean and German brands rushed to announce a new lineup of models at the Beijing auto show, incorporating Chinese technology in a bid to win back buyers. Up to 15 cars are launched each month in China, meaning companies need an evolving lineup of fresh models. In this article BEIJING — Foreign automakers are finally catching up with their Chinese rivals on technology, as they battle a sales slump in the world's largest car market. U.S., Korean and German automakers rushed to announce a new lineup of models for China around the Beijing auto show that kicked off Friday. “We have plans to really build this brand and return [to] where we used to be in terms of volume and [market] share,” Will Stacy, vice president, Cadillac China at General Motors , told CNBC's Eunice Yoon Cadillac on Wednesday announced its first car with driver-assist technology for China : a three-row “luxury” electric SUV, priced at 468,000 yuan ($68,000) and 508,800 yuan. Called the VISTIQ, the Show less Read more
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