GM to add jobs at Tennessee plant

GM will add 650 jobs at its factory in Spring Hill, Tennessee, in 2017, Reuters reported. 

The positions are being added primarily to support the growing demand for the Cadillac XT5 and the GMC Acadia crossover sport utility vehicle, the source noted. The GMC Acadia SUVs are rapidly selling, taking an average of just 19 days for the vehicles to be bought from dealers, which soars above an industry average time of 73 days.

The XT5 has also fared well, becoming the best-selling model for Cadillac since its debut in April. 

GM has invested more than $2 billion in the factory at Spring Hill in the last six years, according to Reuters. In September, there were 3,265 people employed there. 

Overall, U.S. auto sales in September were better than analysts had predicted, Bloomberg reported. The annualized selling rate was 17.8 million, above expert predictions of a 17.5 million rate.

GM shares increased 1 percent to $32.08 in September, while retail sales to individual customers also grew 1 percent, according to the source. In addition, ATPs, a measure of retail sales independent of sales incentives, were $35,804 during the month for GM, which is nearly $5,000 above the industry average. 

GM will add 650 jobs at its factory in Spring Hill, Tennessee, in 2017, Reuters reported.