Yahoo Finance GM Preparing to Ship Cadillac LYRIQ to Customers in a Few Months
By Sam Boughedda
Investing.com — In a Linkedin post on Thursday, General Motors Company (NYSE:GM) President Mark Reuss said that the first pre-production of the Cadillac LYRIQ has rolled off the line at Spring Hill.
GM shares dipped 1.1% in afternoon trading.
Reuss added that the company expects to ship the all-electric vehicles to customers "in a few months."
Spring Hill Manufacturing is the company's manufacturing plant site based in Spring Hill, Tennessee. Over a year ago, GM revealed it was investing $2 billion in the site.
"Our teams have worked tirelessly on the LYRIQ, bringing the launch up nine months ahead of schedule and working in parallel to convert the plant and start production," said Reuss.
"This is an important proof of point in our path to EV leadership as we introduce more high-volume EVs across price points and lifestyles."
GM is making a big play in electric and clean energy. On Wednesday, it announced plans to expand its hydrogen fuel cell business beyond electric vehicles.
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