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Summary Box: GM to add 600 dealerships in China

The Associated Press

CHINA PUSH: General Motors Co. chairman Dan Akerson said Monday the automaker plans to open 600 dealerships in China this year and nearly double production capacity despite a slowdown in sales growth.

TOP OF THE LINE: The company's luxury Cadillac unit plans to introduce one new model a year in China. The unit hopes to raise annual sales from 30,000 last year to 100,000 by 2016.

SLOWING GROWTH: China is the world's biggest auto market by vehicles sold, but sales growth slowed from 35 percent in 2010 to just 2 percent in the latest quarter.