GM Invests $81M In Global Technical Center To Build Cadillac Celestiq - General Motors (NYSE:GM)

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.
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