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Benzinga
Benzinga
Business
Shivani Kumaresan

GM Invests $81M In Global Technical Center To Build Cadillac Celestiq

GM Cadillac Gerald Johnson General Motors Co NYSE Architecture electric vehicle Inauguration Michigan Warren
  • General Motors Co (NYSE:GM) plans to invest more than $81 million into the company’s Global Technical Center in Warren, Michigan, to build the Cadillac Celestiq. 
  • The electric flagship sedan will be the first production vehicle to be built at GM’s Global Technical Center since its inauguration in May 1956.
  • The Cadillac Celestiq will be built on the company’s Ultium Platform, comprising a common electric vehicle architecture and propulsion components like battery cells, modules, packs, Ultium Drive units, EV motors and integrated power electronics.
  • “This investment is a great example of our commitment to GM’s EV transformation as we apply our manufacturing expertise to a one-of-a-kind, ultra-luxury vehicle for the Cadillac brand," said Gerald Johnson, EVP of Global Manufacturing and Sustainability.
  • Price Action: GM shares are trading lower by 3.16% at $33.10 in premarket on the last check Thursday.
  • Photo Via Company
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