GM invests $500M in Texas plant for next-gen SUVs

General Motors plans to invest over $500 million in a Texas plant to prepare for the production of its next-generation large SUVs, including the Cadillac Escalade, Chevrolet Tahoe/Suburban, and GMC Yukon/Yukon XL. The investment is part of the company's plan to continue spending on traditional operations to fund its emerging electric vehicle business. The investment announcements come ahead of contract negotiations between GM and the United Auto Workers union this summer, which are expected to be among the most contentious and important in recent memory.