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Topic - Dan Ammann
The president of General Motors said Sunday that the company and local partners are boosting production capacity for GM-brand vehicles in China to 5 million.
The Treasury plans to sell its remaining stake in General Motors over the next 15 months, allowing the automaker to shed the stigma of being partly owned by the U.S. government.
General Motors' finance chief is leaving after being passed over for chief executive officer.
"We are moving full speed to keep up with it," Ammann said of the company's approach in China. "We count on China for another record year in 2014."
GM President Dan Ammann said the company expects to double sales of Cadillac luxury cars next year to 100,000 vehicles.