General Motors Co. intends to boost its capital expenditures by 20 percent this year as it looks to grow its luxury brand, improve its overall vehicle portfolio and respond to regulatory demands, the Wall Street Journal reported today. The automaker today outlined a plan at an automotive conference to spend as much as $9 billion over the next 12 months — the highest amount the company has spent since emerging from bankruptcy in 2009. GM Chief Financial Officer Chuck Stevens said the company intends to plow the money into the development of more Cadillac models while improving the current offerings such as the Chevrolet Malibu.
