GM’s Cadillac will introduce EV in fight against Tesla

Cadillac Escala concept 2016 Monterey Car Week

General Motors was rallying Friday, up as much as 9%, after the company gave strong 2019 guidance and said it would use its Cadillac brand to take on Tesla. The vehicle platform is the basis for vehicle underpinnings, including the battery system and other structural and mechanical parts. This will include whether the new electric Cadillac will be a sedan or a crossover, and where it will be built, says the report citing inside sources. GM has previously tried to make plug-in hybrids under the Cadillac brands but these sold badly and were discontinued after only a couple of years in production.

Cadillac is the flawless brand for GM to relegate to electric vehicles, as the cost of electric components can be offset by the already-high prices customers pay for the cars' luxury.

Last month, two OH senators asked GM to commit to building all future electric vehicles for USA buyers within the country.

GM said in 2017 that a new electric vehicle platform in 2021 will serve as a base for at least nine derivatives, ranging from a compact crossover to a large seven-passenger luxury sports utility vehicle and a large commercial van.

Ford Europe to slash thousands of jobs in turnaround plan
The American automaker expects to reduce the number of vehicles in its line-up to focus on more profitable areas of the market. Audi, VW's biggest profit center, likewise noted more struggles ahead, reporting a 3.5 percent drop in sales previous year .

Cadillac will become the face of GM's push into the electric-vehicle market, although it's unclear when exactly it will appear on the market. "We are confident Cadillac will be a leader in luxury EVs and our design and technology will excite customers".

This week, GM said Cadillac sales in China rose 17.2 percent in 2018, surpassing 200,000 units for the first time.

Last year, General Motors opened a battery factory in China in partnership with local carmaker SAIC Motor Corp.as part of its expansion plans for the Chinese market. An electric vehicle would hopefully bump those numbers up even further.

Related News:

  • Jurgen Klopp provides Joel Matip and Dejan Lovren updates amid injury crisis

    Jurgen Klopp provides Joel Matip and Dejan Lovren updates amid injury crisis

    Liverpool face a hugely important game this afternoon when they return to league action. "But we try not to make it more complicated than it is", Klopp added.
    Nick Jonas and Priyanka Chopra Kick Off Caribbean Honeymoon

    Nick Jonas and Priyanka Chopra Kick Off Caribbean Honeymoon

    Nick's parents and Priyanka's mother also joined them on the trip that saw the group skiing, hiking and ringing in the new year . The couple hosted a wedding reception in Mumbai on December 20 which had the who's who of the Hindi film industry in attendance.
    Oil prices down after lower-than-expected inventory draw

    Oil prices down after lower-than-expected inventory draw

    The external audit was started as part of preparations for the initial public offering of state oil company Saudi Aramco. Aramco has so far largely avoided bond markets, relying nearly exclusively on its own cash or bank loans.
  • China Takes Wind Out Of Apple iPhone Sales

    China Takes Wind Out Of Apple iPhone Sales

    The company also expects a gross margin of approximately 38 per cent and other expenses to sit around $550 million approximately. The company is expected to report results for the fiscal first quarter of 2019 after market close on January 29.
    Jasprit Bumrah rested for 3-ODI series, Siraj named replacement

    Jasprit Bumrah rested for 3-ODI series, Siraj named replacement

    He was the leader of the pack and ended up with 21 wickets in 4 Tests, joint most with Nathan Lyon. In his last Ranji Trophy match for Hyderabad against Punjab , he picked up seven wickets.
    Hawaii Rep. Tulsi Gabbard says she’ll run for president in 2020

    Hawaii Rep. Tulsi Gabbard says she’ll run for president in 2020

    Gabbard is now serving her fourth term in congress after being elected in 2012 to the US House, serving Hawaiʻi's 2nd District. Gabbard accused Hirono and other Democrats of discriminating against Buescher's Catholic faith in their line of questioning.
  • Elon Musk reveals SpaceX Starship

    Elon Musk reveals SpaceX Starship

    Founded in 2002, SpaceX has racked up a string of launch successes, punctuated by only a few failures over the past 16 years. In December, the Wall Street Journal reported that SpaceX was raising $500 million, taking its valuation to $30.5 billion.
    Megyn Kelly exits NBC after controversial tenure

    Megyn Kelly exits NBC after controversial tenure

    In an interview on the street in NY with TMZ this week, Kelly said she'll "definitely" be back on television in 2019. Her regret over the comment, however, was apparently not enough to sway NBC executives.
    Simona Halep stunned by Ashleigh Barty in Sydney second round

    Simona Halep stunned by Ashleigh Barty in Sydney second round

    I learned a little bit more in Cincinnati, but today I knuckled down and really thought about it and really gave myself a chance. Earlier on Wednesday, Samantha Stosur was knocked out in a two-sets-to-one loss to Switzerland's Timea Bacsinszky .
  • DeMarcus Cousins will make his Warriors debut January  18

    DeMarcus Cousins will make his Warriors debut January 18

    He missed the remainder of last season after suffering the injury. "I would say the last two scrimmages that he's had", Kerr said. Tyson Chandler said he initially considered signing with the Golden State Warriors after getting bought out by the Phoenix Suns.
    Injuries after gas leak causes explosion in central Paris

    Injuries after gas leak causes explosion in central Paris

    Cars were wrecked and other buildings damaged by the blast on Rue de Trévise in the 9th Arrondissement. They have asked people to stay away from the area, to allow emergency services access.
    Astronomers Detect Mysterious Radio Signals From Deep Space

    Astronomers Detect Mysterious Radio Signals From Deep Space

    The flashes only last for a milisecond but they are flung out with the same amount of energy the sun takes 12 months to produce. Instead it uses digital signal processing to "point" the telescope and reconstruct where the radio waves are coming from.


Most liked

PC sales stumble in Q4 amid CPU shortages, China trade war
HP was the market leader in 2017, with Lenovo being the top vendor for four consecutive years between 2013 and 2016. The other trend was political and economic uncertainties in some countries dampening PC demand, Kitagawa said.

South Africa vs Pakistan
But the hosts were unable to forge a position of dominance, struggling to 135 for five at the close, an overall lead of 212. Fast bowler Olivier was twice involved in crucial breakthroughs as Pakistan were bowled out for 185 in their first innings.

Netflix sued for trademark infringement by 'Choose Your Own Adventure' publishers
Chooseco claims Netflix came looking for a license to use their trademark in 2016, but negotiations fell apart. Based on this claim of alleged infringement, Chooseco is seeking $25 million in damages.

Transfer: Sarri speaks on Chelsea selling Willian
Pressed on how he believes Willian can improve, Sarri said: "Usually he wants the ball on the feet - always on the feet".

Syrian air defense systems strike down several missiles over western Damascus
Israeli officials made no statement on Friday's reports, but seldom comment on alleged strikes. Another official told SANA traffic at the airport had not been disrupted.

CoA Chief Recommends Two-ODI Ban for Pandya, Rahul; Awaits Edulji's Approval
It is expected that Pandya may eventually get a two-match ban but Rahul may escape with a rap on the knuckle. Pandya quickly posted an apology on social media.

Rosenthal: The Yankees are now out on Manny Machado, right? Well…
LeMahieu is the second prominent addition to the Yankees' infield, on the heels of last week's signing of Troy Tulowitzki . In 128 games last season, LeMahieu , a right-handed hitter, batted.276 with a career-high 15 homers.

Tottenham boss Pochettino says Man United rumours no 'motivation' for Solskjaer
Solskjaer has won his first five games as United boss but faces his first real test when he lines up against Tottenham . He was a very nice man to speak to and we had a nice chat.

Federal Bureau of Investigation probed whether Trump was Russian agent
As of Friday night, the president has yet to respond to the report, one of the most damning yet in the Russia-Trump saga. Trump also had a criminal aspect, which has always been publicly known: whether his firing of Mr.

Democrats Reportedly Trying to "Rein In" Ocasio-Cortez
They believe the movement behind Ocasio-Cortez to try and help elevate her to a top committee post is undeserved. Ocasio-Cortez, who is extremely active on social media, has yet to respond to the embarrassing report .

Federal workers speak about shutdown with members of Congress at Metro Airport
Flights that would otherwise depart from Terminal G in the afternoons will use gates in other parts of the airport. More than 800 TSA employees at Logan Airport are preparing to go without pay until the government shutdown ends.

MP Jeremy Buckingham’s vomit-inducing fish kill video
Independent MP Jeremy Buckingham posted the footage of the incident to Twitter earlier today. He's requested an urgent report into the mass fish deaths.

Having a beer belly linked to having a smaller brain
According to their findings, people with more excess fat around the middle appear to have a shrunken brain and less gray matter . It is possible that individuals with lower volumes of gray matter in some brain areas have increased the risk of obesity .

Driver crashed into another car while participating in the 'Bird Box Challenge'
He said it was a warning he never thought he would have to give - don't drive while blindfolded. The company sent out a tweet on January 2, urging people not to participate in the fad.

Didn't know about allegations Manafort shared polling
Rudy Giuliani, a lawyer for Trump who has repeatedly criticized the Mueller probe as a fruitless "witch hunt", dismissed the sharing of data with Kilimnik as inconsequential.