google.com, pub-8701563775261122, DIRECT, f08c47fec0942fa0
USA

GM announces new gas-powered Cadillac vehicles amid EV pullback

2025 Cadillac Escalade V-Series SUV

Cadillac

DETROIT — General Engines The automaker will introduce new gas-powered Cadillac vehicles starting next spring as it continues to shift gears away from all-electric vehicles.

GM CEO Mary Barra said Tuesday that the next generation of Cadillacs will include new versions of the company’s CT5 sedan, the outdated XT5 midsize SUV and the discontinued three-row XT6 SUV.

“Starting next spring and continuing through 2028, we will begin rolling out the next-generation Cadillac ICE. [internal combustion engine] vehicles,” Barra said during the company’s second-quarter earnings call. He said the vehicles will be in addition to Cadillac’s existing all-electric crossovers and the Escalade SUV.

New product announcements add to GM’s pullback on electric vehicles. The automaker had planned for Cadillac to sell only electric vehicles by the end of this decade. The company also abandoned EV plans for other brands and increased production of gas-powered engines, including V-8 offerings.

GM has recorded $10.9 billion in EV-related expenses since the second half of last year, following slower-than-expected adoption of electric vehicles as well as U.S. regulatory changes that eased emissions standards and eliminated support for EVs.

Barra reiterated that GM’s plans include “supporting significant production” for the Detroit automaker starting next year, in part by expanding full-size SUV production to a Michigan plant previously scheduled to produce electric vehicles.

Full-size SUVs (Escalade, Chevy Tahoe and Suburban, and GMC Yukon and Yukon XL) are currently produced only at the company’s Arlington Assembly plant in Texas.

Select CNBC as your preferred source on Google and never miss a beat from the most trusted name in business news.

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button