GM to build Cadillac sedans in Oshawa, Ont. plant
Canadian Plastics
Automotive Automotive: MaterialsGeneral Motors has announced plans to invest $117 million to prepare its assembly plant in Oshawa, Ont. to build the new Cadillac XTS sedan next year.
General Motors has announced plans to invest $117 million to prepare its assembly plant in Oshawa, Ont. to build the new Cadillac XTS sedan next year.
According to GM, the decision will create or retain 400 jobs on the plant’s Flex Line.
“Adding the Cadillac XTS affirms GM’s commitment to a strong manufacturing base in Canada, ensuring Oshawa will have a critical role in the ongoing transformation of Cadillac,” says Kevin Williams, president and managing director of General Motors of Canada.
The Cadillac XTS is being designed to compete against other luxury car brands, a highly competitive market. The sedan is equipped with a plug-in hybrid system matched with a 350 horse-power, 3.6L V6 engine. The car can be plugged into a standard electric outlet.
Production is planned to start in the first half of 2012.
The news comes on the heels of strong financial quarter for GM, in which it nearly doubled its Q2 2011 profit compared with Q2 2010, earning US$2.5 billion compared with US$1.3 billion.
