As expected, as we already told you yesterday (click to read here), General Motors announced today that it will invest $190 million in its Lansing Grand River assembly plant for the production of a new Cadillac model.
This investment will create 600 jobs, as well as the addition of a second shift. Today’s announcement brings the total of new U.S. investment to more than $3.1 billion.
Furthermore, a total of 7,900 jobs were created by General Motors in 21 U.S. plants since the manufacturer emerged from bankruptcy in July 2009.
Although the manufacturer didn’t give any details regarding the new baby Cadillac model, industry sources confirmed the fact that it is expected to be called ATS, will be rear-wheel drive and will hit the dealerships somewhere in 2012 or early 2013.
The new car will take on cars such as the Bmw 3-Series and Mercedes-Benz C-Class, and will be similar in size to the BLS, a car based on the Saab 9-3, which was sold in Europe.
Joe Ashton, UAW vice president of the GM Department, said, “Today’s announcement is further proof of what UAW President Bob King said earlier this summer, ‘The UAW recognizes the paramount importance of innovation, flexibility and partnership with management to respond to global economic pressures.
We are proud to play our part in the turnaround at GM. Our mission is to make the highest quality products for the best value.’