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General Motors, working to revive its slumping Cadillac luxury brand, plans to spend $12 billion to develop eight new models by 2020 and two more in the next decade, the brand’s chief said.

Cadillac will focus on the so-called crossover SUV segment, Johan de Nysschen said today at the Detroit auto show. Cadillac currently has just one, the SRX, while rival BMW has five and Audi has three in its lineup. De Nysschen said GM will add three SUVs as part of the expansion.

GM is spending on the brand to fund a new-car renaissance at Cadillac, whose U.S. sales fell 6.5 percent last year. The brand does about half of what rivals BMW AG and Mercedes-Benz sell in the U.S. Luxury SUVs is one area where Cadillac is lagging, de Nysschen said.

**The 2015 Detroit Auto Show (NAIAS) photo galleries are sponsored by Lexus.


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#NAIAS:  GM To Cough Up $12 Billion For Eight New Cadillac Models By 2020

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