As reported yesterday, General Motors confirmed today that it will invest $190 million in its Lansing Grand River assembly plant for the production of a new compact Cadillac model. The investment will create a total of 600 jobs as a result in the addition of a second shift.
“America”s fastest-growing luxury brand this year is about to get even more competitive with the addition of an all-new small luxury car,” said GM Chief Executive Officer Dan Akerson. “This investment demonstrates GM”s commitment to Cadillac and to a strong U.S. manufacturing base.”
GM said that the announcement brings the total of new U.S. investment to more $3.1 billion and more than 7,900 jobs that GM created or kept in 21 U.S. plants since coming out of bankruptcy in July 2009.
GM didn’t really give out any details on what the new Cadillac model will be but most of us already know that it will badged the ATS and will fit below the CTS sedan in Cadillac’s lineup. GM said that timing of the new Cadillac and the new jobs as well as the start of the second shift will be announced later.
– By: Omar Rana