For those unfamiliar, this was actually announced last month by the developer where they stated that future GTA Online Freemode events will no longer be available on the Xbox 360 or PlayStation 3. Back then the developer cited hardware limitations on the older consoles as to why they weren’t able to provide the updates.
According to Rockstar at that time, “As we mentioned previously, we always knew there might be a point where we would reach the technical capacity of what the older generation of consoles can handle as each downloadable update requires additional memory both for assets and for additional scripting.”
That being said, the Lowriders update will feature a new customs shop called Benny’s Original Motor Works. Players will be able to purchase a host of lowrider customizations such as new engine covers, air filters, change the interior of your cars, adding a new steering wheel and custom shift levers, and more.