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GM investing $2B in Spring Hill plant to build EVs, starting with Cadillac LYRIQ

Green Car Congress

. $17 million will be invested in the Romulus, Michigan propulsion plant to enhance automation and increase capacity of GM’s 10-speed truck transmission, which is used in full-size pickups and other key products, including the all-new Chevrolet Tahoe and Suburban, GMC Yukon and Yukon XL, and the Cadillac Escalade.

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GM: Q2 gross sales up 19% on industrial, SUV positive factors

Baua Electric

GMC had its highest-volume first part since 2005, and Cadillac had its best possible moment quarter since 2019. Day to moment, GM stated it has completed its best industrial gross sales since 2007. Complete-size SUV gross sales soared 42 % within the quarter.

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Exclusive: 2023 Cadillac Lyriq Preview

Clean Fleet Report

Then in 2017 along came the CT6 PHEV , an electrified version of Cadillac’s full-size, flagship sedan, but 2019 saw the end of this car. This means the massively popular Escalade will be gone or reengineered, as well as the CT4 and CT5 sedans, and all the XT SUV models. Road Test: 2021 Cadillac Escalade.

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UAW Expands Strike Again, Targeting GM's Largest Plant

The Truth About Cars

Arlington Assembly is responsible for profitable models like the Chevrolet Tahoe, Chevy Suburban, GMC Yukon, and Cadillac Escalade. & While employment rose consistently in successive years, peaking at 240,000 domestic employees by 2019, layoffs have returned at a staggering pace. Many jobs returned as lockdowns ended.

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Cadillac’s ambitious move to an all-electric luxury brand by 2030

Charged EVs

It’s a truck, specifically the Escalade SUV, the gussied-up, very successful ultra-luxury version of the Chevy Suburban. Almost 19 feet long, almost 3 tons in curb weight, the Escalade ESV (most often in black) is a staple of affluent driveways and high-end car services across the country. For 2019, it was 214,000 vs 156,000.

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Convincing Consumers To Buy EVs

Cars That Think

Interestingly, a 2019 Massachusetts Institute of Technology (MIT) study predicted that as EVs became more widespread, battery prices would climb because the demand for lithium and other battery metals would rise sharply. Volvo CEO Jim Rowan , disagrees with both of them, however, seeing ICE-EV price parity coming by 2025-2026.

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