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SVTPerformance's Chain of Restaurants
Road Side Pub
Manufacturer 84 at 0%
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<blockquote data-quote="Weather Man" data-source="post: 16474337" data-attributes="member: 137766"><p><span style="font-size: 22px"><strong>GM to make big push in China with new EVs</strong></span></p><p>Aug. 19, 2020 7:38 AM ET|About: <a href="https://seekingalpha.com/symbol/GM" target="_blank">General Motors Company (GM)</a>|By: <a href="https://seekingalpha.com/author/sa-editor-clark-schultz" target="_blank">Clark Schultz</a>, SA News Editor </p><p></p><p></p><p>General Motors' (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) new China chief plans to <a href="https://www.reuters.com/article/us-gm-china-exclusive-idUSKCN25F0JQ" target="_blank">overhaul</a> the automaker's line-up in the nation with a greater emphasis on electric cars and smart-driving technology, according to Reuters.</p><p></p><p>GM is looking to turn around a sales decline in China, where it typically derives almost a fifth of its profit.</p><p></p><p>GM's Julian Blissett says he wants to renew the focus on luxury Cadillacs, green SUVs and cheaper entry-level micro EVs.</p><p></p><p>"This market is rapidly electrifying. Cadillac is on a path to very heavy electrification. Buick is also going to heavily electrify," says Blissett.</p><p></p><p>The overall goal is for GM is to get back to 4M unit sales a year in China.</p><p></p><p>GM's big push in China comes with industry-wide auto sales in an <a href="https://seekingalpha.com/news/3604002-china-auto-industry-comes-roaring-back-help-from-evs" target="_blank">improving trend in the region</a>.</p></blockquote><p></p>
[QUOTE="Weather Man, post: 16474337, member: 137766"] [size=6][b]GM to make big push in China with new EVs[/b][/size] Aug. 19, 2020 7:38 AM ET|About: [URL='https://seekingalpha.com/symbol/GM']General Motors Company (GM)[/URL]|By: [URL='https://seekingalpha.com/author/sa-editor-clark-schultz']Clark Schultz[/URL], SA News Editor General Motors' (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) new China chief plans to [URL='https://www.reuters.com/article/us-gm-china-exclusive-idUSKCN25F0JQ']overhaul[/URL] the automaker's line-up in the nation with a greater emphasis on electric cars and smart-driving technology, according to Reuters. GM is looking to turn around a sales decline in China, where it typically derives almost a fifth of its profit. GM's Julian Blissett says he wants to renew the focus on luxury Cadillacs, green SUVs and cheaper entry-level micro EVs. "This market is rapidly electrifying. Cadillac is on a path to very heavy electrification. Buick is also going to heavily electrify," says Blissett. The overall goal is for GM is to get back to 4M unit sales a year in China. GM's big push in China comes with industry-wide auto sales in an [URL='https://seekingalpha.com/news/3604002-china-auto-industry-comes-roaring-back-help-from-evs']improving trend in the region[/URL]. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
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