GM announces new gas-powered Cadillac vehicles amid EV pullback

Key Points:

• General Motors will launch new gas-powered Cadillac vehicles starting next spring, including updated versions of the CT5 sedan, XT5 midsize SUV, and the discontinued XT6 three-row SUV, signaling a shift away from an all-electric focus.
• GM CEO Mary Barra confirmed these new internal combustion engine (ICE) Cadillacs will be introduced alongside existing electric Cadillac models like the crossovers and Escalade SUV.
• This move reflects GM's broader pullback from aggressive EV plans, as the company reverses earlier commitments to make Cadillac exclusively electric by 2030 and increases production of gas-powered engines, including V-8s.
• Since mid-2022, GM has recorded $10.9 billion in EV-related charges due to slower EV adoption and regulatory changes in the U.S. that have eased emissions standards and reduced EV support.
• GM also plans to onshore significant manufacturing starting next year by expanding full-size SUV production to a Michigan plant previously intended for EVs, shifting some output away from its Arlington, Texas facility.