General Motors will invest $500 million in its Arlington, Tex., factory to build a new generation of ICE-powered full-size SUVs for Chevrolet, GMC and Cadillac.
Elon Musk announced a landmark deal that will see GM's future electric vehicles adopt Tesla's charging technology and gain access to its Supercharger network.
"Today we are announcing plans for a significant investment in Arlington to strengthen our industry-leading full-size SUV business," GM's executive vice president of Global Manufacturing and Sustainability Gerald Johnson said. "Preparing the plant to produce future ICE full-size SUVs reflects our commitment to our valued customers and the efforts of the dedicated Arlington Assembly employees, who have been breaking production records this year."The Chevrolet Tahoe and Suburban, GMC Yukon and Cadillac Escalade comprise the best-selling lineup of full-size SUVs in the U.S. and are a major profit center for GM.
Starting prices for the models range from $56,095 for the entry-level Tahoe to $151,090 for the high performance Escalade-V.The move follows a $854 million investment in V8 engine production to support GM's large SUVs and pickups that was announced in January.
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