The growth of the EV market has clearly slowed this year, General Motors President Mark Reuss said during a media confab, but sales are still on the rise and GM continues planning to gain ground, even as it delays some product launches. A critical step will be driving down prices, even as profitability improves, said Reuss, who oversees GM’s product development efforts.
After a painfully slow start, the Cadillac Lyriq is finally gaining traction. The all-electric SUV made up 12% of the luxury brand’s sales during the final quarter of 2023 — and is on track to double that this month, according to brand boss John Roth. That buoys confidence as Caddy gets ready to roll out four more EVs in the coming year. Find out more at Headlight.News.
Cadillac is getting ready to roll out the most expensive vehicle in its history, the exotic Celestiq set to start at just over $300,000. But one customer will wind up paying more than three times that, at least if they opt for a one-off version included in this year’s annual Neiman Marcus Fantasy Gifts list. Checkout out at Headlight.News.