00:00It's Benzinga, bringing Wall Street to Main Street.
00:02General Motors will launch new gas-powered Cadillac vehicles beginning next spring
00:06as the automaker pulls back from its earlier electric vehicle plans, according to CNBC.
00:11CEO Mary Barra said the lineup will include new versions of the CT5 sedan,
00:16XT5 midsize SUV, and discontinued XT6 three-row SUV.
00:21The vehicles will roll out through 2028 alongside Cadillac's electric crossovers and Escalade SUV.
00:28GM had planned for Cadillac to sell only electric vehicles by the end of the decade.
00:32The automaker has recorded $10.9 billion in EV-related charges since the second half of last year.
00:39GM also plans to expand production of full-size SUVs
00:43at a Michigan plant previously slated to build electric vehicles.
00:46For all things money, visit Benzinga.com.
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