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Cadillac targets 11 percent operating margin in 10 years


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Cadillac, General Motors Co's (GM.N) luxury brand, is targeting an 11 percent operating margin in 10 years, Cadillac President Johan de Nysschen said on Monday in an interview with Reuters, laying out a timeline for the long-term turnaround of the brand.

"We’ve got about a 10-year runway to get this brand to where it is making the kind of overall contributions to General Motors profitability that Mary (GM global CEO Mary Barra) expects from it," he said at the Beijing autoshow.

Read more: http://www.reuters.com/article/us-autoshow-beijing-cadillac-idUSKCN0XM13C?feedType=RSS&feedName=businessNews

Bruce

2016 Cadillac ATS-V gray/black

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