GM Invests $190M in Small Car for Cadillac
LANSING, MI - General Motors announced a $190 million investment in its Lansing Grand River assembly plant for the production of a new Cadillac model.
"This investment demonstrates GM's commitment to Cadillac and to a strong U.S. manufacturing base," said GM Chief Executive Officer Dan Akerson in a statement.
The announcement brings the total of new U.S. investment to more than $3.1 billion and more than 7,900 jobs that GM has created or retained in 21 U.S. plants since emerging from bankruptcy in July 2009.
Built in 2001, Lansing Grand River is GM's second-newest U.S. assembly plant and the manufacturing home of the Cadillac CTS and STS as well as their V-series performance versions. Earlier this year, Lansing Grand River received the J.D. Power and Associates Bronze Plant Award for initial quality.
This year, the Lansing Grand River team launched the CTS Coupe, which extends the CTS line. It shares design cues with the CTS Sport Sedan, but the Coupe has a wider track, lower roofline and shorter length, giving it an aggressive stance and sleek, athletic profile.
The timing of the new Cadillac will be announced later, according to GM.