GM ramps up all-electric Cadillac in possible challenge to Tesla

GM To Push Cadillac As Tesla Rival | OilPrice.com

GM To Push Cadillac As Tesla Rival | OilPrice.com

Cadillac will be the first GM brand to launch an EV based on the platform, which has been created to be able to spawn everything from compact cars to large, 7-seat luxury SUVs. The vehicle platform is the basis for vehicle underpinnings, including the battery system and other structural and mechanical parts.

Last year, GM killed off the plug-in Chevrolet Volt and Cadillac CT6 in order to allocate more funds into the EV sector.

A GM spokesman declined to comment.

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.

It is possible that the electric Cadillac will be targeted at the Chinese market where the government has implemented an aggressive electrification strategy to combat air quality problems and reduce the reliance on oil imports; the country aims to boost hybrid and electric auto sales 10 fold over the next decade via incentives and mandates.

Virgin Atlantic consortium agrees to buy Flybe
Stobart Aviation owns 30pc and Virgin Travel Group, a wholly-owned subsidiary of Virgin Atlantic, owns the remainder. Virgin Atlantic and Stobart Group have confirmed an agreement to purchase struggling regional carrier Flybe.

GM in 2017 said it planned to launch as many as 20 electric cars by 2023, including both battery-electric and fuel cell-electric models. These will range from a compact SUV, to a large seven-seat luxury crossover and a large commercial van. "We are confident Cadillac will be a leader in luxury EVs and our design and technology will excite customers". He left GM in April. CEO Mary Barra reiterated the company's position that the federal government should extend its $7,500 electric vehicle tax credit indefinitely.

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.

Cadillac has also been doing very well in China, with sales rising 17.2 per cent in 2018.

In October, GM urged the Trump administration to back a nationwide program to boost sales of zero emission vehicles like electric cars, even as the government has proposed ending California's ability to require more clean vehicles.

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