Cadillac is reportedly in talks to lease out one of its luxury vehicles to the Chinese government for up to 10 years.
According to the Wall Street Journal, DMWAIC, one of the biggest luxury brands in China, has a lease deal in the works with the Chinese state-owned automaker.
The agreement is valued at about $1.4 billion, according to a source familiar with the matter.
According the source, DMG and DMWaIC have also begun discussions to purchase a large number of luxury vehicles from the Chinese auto manufacturer.
DMG is reportedly looking to sell off about 1,000 of its models, which will include the Cadillac ATS and the Cadillac ETS.
Although the deal is expected to be completed within the next few weeks, DTM has not commented on the news.DMWAic has previously partnered with Chinese auto giant Daimler to manufacture luxury vehicles for export.
In February, the automaker announced that it was also looking to lease back one of DMWAs first-ever luxury vehicles.
According to DMW, the D&Ms lease deal with DMG would cover the entire range of its D&ms luxury brands.