General Motors will sell low-cost vehicles in emerging countries

The Automotive Group General Motors (GM) announced on Friday it will sell low-cost vehicles to emerging countries starting this year. Also announced your intention to convert your Cadillac brand in a manufacturer of luxury cars to compete with the Tesla. The low-cost cars, especially Chevrolet brand, will be sold in countries such as Brazil, China, India and Mexico, where he also will be manufactured, said GM in documents directed to investors. These vehicles will also be exported to other emerging countries, but GM drops the marketing of them in Europe and the United States. The Detroit giant, which is in the midst of a restructuring, announced in November the closure of factories and the Elimination of thousands of jobs in the United States, for frustration of President Donald Trump. With the production and sale of cheap vehicles in emerging countries, GM hopes to reduce your costs and improve your position on trade tensions, limiting the impact of currency fluctuations. The automaker, joined the Chinese company SAIC, expects to produce just over 2 million low-cost cars per year. Arrives late, however, this segment of the market that Renault-Nissan-Mitsubishi and the German Volkswagen are already present. The American Group, which invested $ $5 billion in this initiative, hopes to incorporate the latest security technologies in their vehicles and promises that its CO2 emissions will be in accordance with the standards required. GM did not, however, any detail about the first Cadillac. It is not known where they will be assembled or the start date of your production. It is also not known what kind of car they will be, if a sedan, an SUV or a crossover.