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GM expands to new European markets with its luxury $93K Lyriq

Baua Electric

2024 Cadillac Lyriq Sport trim (Source: Cadillac) General Motors is banking that Europeans will want an American-made $93,000 SUV that has zero emissions – but the US brand has had plenty of trouble getting production off the ground on its home turf. Last year, Cadillac delivered 9,000 Lyriqs, with fewer than 2,400 in the first half.

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Ford Terminates Mercury Brand, Expands Lincoln Lineup with Focus on Fuel Efficiency

Green Car Congress

Ford Motor Company said it will. Ford will expand and enhance its Lincoln brand lineup with seven all-new or significantly refreshed vehicles in the next four years as part of a growth plan to compete with Cadillac and Lexus in North America. Tags: Fuel Efficiency Vehicle Manufacturers.

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GM Makes Final $5.8B Payment to US and Canada; Investing $257M in Fairfax and Hamtramck Plants for Next-Gen Malibu

Green Car Congress

General Motors Company Chairman and CEO Ed Whitacre announced that GM has made its final payment of $5.8 billion and took equity stakes in the new company. For the first three months of this year, GM’s US dealers delivered more than 49,000 Malibus and 14,000 LaCrosses, representing a 58% increase over the same period last year.

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GM Releases New Viability Plan, Launches Bond Exchange; Phasing Out Pontiac

Green Car Congress

General Motors presented an updated Viability Plan that accelerates and deepens the cuts in US brands and nameplates, dealers, manufacturing operations and employees intended to enable GM North America to breakeven (on an adjusted EBIT basis) at a US total industry sales volume of approximately 10 million vehicles. billion in 2008 to $23.2

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GM Files Voluntary Chapter 11; Agreements with US Treasury and Canada; New GM Expected in 60-90 Days

Green Car Congress

Pending approvals, the New GM is expected to launch in about 60 to 90 days as a separate and independent company from the current GM. previously announced The New GM will: Focus on four core brands in the US—Chevrolet, Cadillac, Buick and GMC—with fewer nameplates and a more competitive level of marketing support per brand.

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New GM expected within 90 days

Green Cars News

The New GM is expected to launch in 60-90 days as a separate and independent company from the existing General Motors. The new company will focus on four core brands in the USA - Chevrolet, Cadillac, Buick and GMC and will feature fewer nameplates. Its dealers will be cut from the current level of 5,969 to 3,600.

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Polestar’s plan to survive and thrive: How an idiosyncratic EV start-up will carve its place in the electric space

EV Central

But more importantly longer term, there’s been confirmation this week it will expand in Australia from the touchy-feely agency sales model – purchasing directly from head office with fixed prices – to hard-nosed traditional dealer franchising. But the company is these days aiming higher, heading for the top end of town.

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