GM Turns Up Heat on China, Toyota Remains No. 1, and 3 More Hot Stocks
General Motors Co. (NYSE:GM): Though General Motors has been the largest automaker in China for the last eight years, Volkswagen (VLKAY.PK) has been hot on its heels and is forcing the Detroit-based company to ramp up its strategy in the country. Among General Motors’s priorities is stronger competition in the SUV market, and it plans to have nine new models in the category over the next five years. Huge growth in the luxury segment will be paramount as well, as GM is eyeing 100,000 Cadillac sales in 2015, good for 10 percent of China’s luxury market.