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Search resuls for: "Cadillac's"


11 mentions found


☆ Americans have been driving these Chinese-built cars for years — and Biden's tariffs likely won't impact them
  + stars: | 2024-05-15 | by ( Benjamin Zhang | ) www.businessinsider.com   time to read: +2 min
Read previewOf the more than 15 million cars sold in the US last year, none wore the badge of a Chinese car brand. With the government's existing 27.5% tariffs on Chinese-made cars and Tuesday's new 100% tariffs on Chinese-made EVs imported to the US, the situation isn't likely to change anytime soon. AdvertisementAccording to Automotive News data, US consumers purchased more than 104,000 Chinese-made vehicles in 2023, up 45% from 2022. Americans bought another 28,000 Chinese-made cars during the first quarter of 2024. Here's a closer look at the Chinese-made cars on sale in the US.
Persons: —, Volvo's, Here's Organizations: Service, EV, SAIC, Business, Buick's, Automotive News, Buick, Lincoln, Volvo, Geely Automotive, Biden Locations: China, Polestar, South Carolina
☆ House Judiciary chief launches investigation into Formula 1 over Andretti exclusion
  + stars: | 2024-05-07 | by ( Sahil Kapur | ) www.cnbc.com   time to read: +2 min
The chairman of the powerful House Judiciary Committee is launching an investigation into Formula 1 and its U.S. owner, Liberty Media , to demand answers about the sport's decision to deny Andretti Global a spot on the grid. The letter is dated Tuesday and addressed to Greg Maffei, the president and CEO of Liberty Media, and Stefano Domenicali, the president and CEO of Formula One Group. "Delaying Andretti Cadillac's entry into Formula One for even one year will harm American consumers to benefit failing Formula One teams," Jordan writes. "Limiting the number of teams in Formula One will increase the price of sponsoring or buying into an existing Formula One team. The letter comes days after Mario Andretti, a former Formula 1 world champion, visited Capitol Hill and spoke at a press conference with lawmakers to pressure the sport to admit Andretti Global.
Persons: Mario Andretti, John James, Jim Jordan, Greg Maffei, Stefano Domenicali, Andretti, Jordan Organizations: Washington , DC, Andretti, Capitol, General Motors, Committee, Liberty Media, NBC News, Formula One, Formula, One, Andretti Global, Capitol Hill Locations: Washington ,, Ohio, United States, Michigan
☆ Cadillac unveils its new entry-level EV due to launch in 2024
  + stars: | 2023-11-19 | by ( Polly Thompson | ) www.businessinsider.com   time to read: +2 min
The US carmaker Cadillac is expanding its electric vehicle portfolio. GM, which owns Cadillac, plans to become a fully electric company by 2035. The announcement comes as General Motors continues to ramp up electric vehicle production across all its major brands, including Chevrolet, Buick, and GMC. AdvertisementThe strikes, which were held in September and October of this year, cost General Motors $200 million a week, the BBC reported. EV demand has plateaued in the US auto market this year, as the wave of early-adopters dies out and the electric vehicles remain too expensive for the average buyer.
Persons: —, General Motors, Vince Sheehy Organizations: US, GM, Service, Cadillac, General Motors, General, Chevrolet, Buick, GMC, United Auto Workers, UAW, Motors, BBC, EV Locations: Washington, D.C
☆ Cadillac reveals its new entry-level EV, a compact crossover called the Optiq
  + stars: | 2023-11-17 | by ( Michael Wayland | ) www.cnbc.com   time to read: +1 min
DETROIT – Cadillac's new entry-level electric vehicle will be a compact-sized crossover called Optiq, the company said Friday. The General Motors brand said the vehicle, which will be its fourth EV, will slot below the current entry-level Lyriq midsize crossover EV, which starts around $59,000. Cadillac declined to disclose pricing and other specifics of the 2025 Optiq, which is expected to go on sale in the U.S. as early as next year. A Cadillac spokesman confirmed Friday that the brand still plans to exclusively offer EVs by 2030, despite slower-than-expected demand for the vehicles. Its parent company, GM, subsequently set a target to exclusively offer EVs by 2035.
Organizations: DETROIT, General Motors, Cadillac, GM Locations: U.S, North America, China, Europe
☆ Here's every major reveal from the Detroit Auto Show
  + stars: | 2023-09-13 | by ( John Rosevear Michael Wayland | John Rosevear | In Jrosevear | ) www.cnbc.com   time to read: +7 min
All-new: 2024 GMC Acadia The show's one big new model reveal came as General Motors unveiled the completely redesigned 2024 GMC Acadia on Wednesday morning. 2024 GMC Acadia GMProduction of the 2024 Acadia is expected to begin early next year at a plant in mid-Michigan, with vehicles slated to hit dealer showrooms during the first quarter. The company revealed its refreshed 2024 F-150 pickup truck lineup Tuesday night to a large crowd in downtown Detroit, not far from the show floor. Jeep unveiled a refreshed 2024 version of its Gladiator pickup in Detroit on Sep. 13, 2023. Not surprisingly, the Gladiator's new grille is very similar to the revamped grille that the Wrangler itself will be sporting for the 2024 model year.
Persons: it's, Duncan Aldred, wasn't, Ford, Jim Farley, John Emmert, Motors, Cadillac, Alex MacDonald, Gladiator, Stellantis, Jim Morrison Organizations: DETROIT, Detroit, United Auto Workers, Detroit Auto, North American, CNBC, General Motors, Acadia, GMC, GMC Acadia GM, GM, Chevrolet Traverse, Buick, CT5, Cadillac CT5, Google, Jeep, Apple Locations: Acadia, Michigan, U.S, Yukon, Detroit, Toledo ., North America
☆ Here's a first look at GM's new all-electric Cadillac Escalade IQ, starting at $130,000
  + stars: | 2023-08-09 | by ( Michael Wayland | ) www.cnbc.com   time to read: +6 min
GM President Mark Reuss during the reveal of the all-electric 2025 Cadillac Escalade IQ on Aug. 9, 2023 in New York City. Michael Wayland / CNBCThe Escalade IQ is the first – and most important – traditional Cadillac model to be released as an EV. 'It's American luxury'The Escalade IQ features a much smoother, more aerodynamic exterior than the current Escalade, with overall styling more similar to Cadillac's current EVs than its gas- and diesel-powered siblings. Powerful, fast chargingThe Escalade IQ will feature up to 750 horsepower and 785 pound-feet of torque with a performance "Velocity Max" mode. The Escalade IQ features a host of standard safety and convenience features, including GM's Super Cruise hands-free highway driving system and an available 40-speaker KG audio system.
Persons: Cadillac Escalade, Mark Reuss, Michael Wayland, It's, Reuss, haven't, Michael Simcoe, Tyson Jominy, Escalade, Mandi Damman Organizations: Cadillac, Motors, Detroit, GM, EV, CNBC, GMC Hummer, Chevrolet Silverado, Cruise, Arlington Assembly, Chevrolet, GMC Locations: New York City, Detroit, Texas
☆ Electric Cadillac Escalade to test GM's EV strategy, cash machine
  + stars: | 2023-08-08 | by ( Michael Wayland | ) www.cnbc.com   time to read: +6 min
The Escalade IQ is the first – and most important – traditional Cadillac model to be released as an EV. The automaker plans to initially sell the new electric Escalade IQ alongside the current traditional models. A close-up of the illuminated front end of the electric Cadillac Escalade IQ, including a black crystal shield badge. CadillacA teaser video released by GM of the Escalade IQ appears to have more design elements similar to the automaker's Cadillac Lyriq and Cadillac Celestiq than the traditional Escalade. The first-generation Cadillac Escalade was produced from 1998 through 2000 by General Motors.
Persons: Escalade, Mary Barra, It's, Tyson Jominy, John Roth, Roth, Edmunds, Michael Simcoe, Steve Fecht, Rory Harvey, Wayne Cherry Organizations: Motors, GM, General Motors, Cadillac, CNBC, U.S, Auto, Benz, Ferrari, Lamborghini, Cadillac's, GM Tech Center, General Motors GM, GM North America, GMC Hummer, Chevrolet Silverado, Cruise, Arlington Assembly, Chevrolet, GMC, ICE Locations: New York City, Cadillac's U.S, U.S, Warren , Michigan, Detroit, Texas, Simcoe
☆ GM will introduce an all-electric Cadillac Escalade 'IQ' later this year
  + stars: | 2023-05-22 | by ( Michael Wayland | ) www.cnbc.com   time to read: +1 min
GM's first all-electric Cadillac Escalade will be called the "Escalade IQ," which continues Cadillac's EV naming strategy that so far includes the Lyriq crossover and upcoming Celestiq ultra-luxury sedan. DETROIT – General Motors on Monday confirmed plans to introduce an all-electric version of its flagship Cadillac Escalade later this year. An electric Escalade was expected, as the company plans to fully convert Cadillac into an electric vehicle brand by 2030. The Cadillac Escalade IQ is anticipated to utilize GM's Ultium battery cells, motors and technologies, which the automaker is using to power and underpin its next-generation EVs. But just because it's called an Escalade doesn't necessarily mean it'll be identical to the brand's iconic internal combustion engine-powered SUV.
☆ 'PayPal Mafia' member says Google and Meta intentionally overhired engineers to prevent them from working at other companies.
  + stars: | 2023-03-09 | by ( Diamond Naga Siu | ) www.businessinsider.com   time to read: +4 min
"PayPal Mafia" member says Google and Meta "do fake work." The companies over-hired thousands of employees to fulfill a "vanity metric," said investor Keith Rabois. He's part of the infamous PayPal cohort (pictured above — he's number nine) that went on to play influential roles at other major tech companies. Rabois estimates that Facebook parent company Meta and Google each have thousands of employees who don't do much. He even suspects that Google intentionally overhired engineers to prevent them from working at other companies.
☆ Cadillac's new $300,000 electric car comes with 5 screens, futuristic looks, and 300 miles of range — see the Celestiq
  + stars: | 2022-10-18 | by ( Tim Levin | ) www.businessinsider.com   time to read: +3 min
The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq. The Cadillac Celestiq.
☆ GM tests limits of Cadillac’s brand power with $300,000 Celestiq electric car
  + stars: | 2022-10-17 | by ( Michael Wayland | ) www.cnbc.com   time to read: +6 min
2024 Cadillac Celestiq CadillacDETROIT – Cadillac is testing the limits of its brand allure and pricing power with the 2024 Celestiq – a large, bespoke electric car that will start at more than $300,000. The vehicle – unveiled Monday night – launches the General Motors brand into the ultra-luxury segment against the likes of Bentley and Rolls-Royce. Executives say the vehicle is more about creating a "halo car" that helps burnish Cadillac's image, rather than fueling overall sales or profits. 2024 Cadillac Celestiq CadillacHarvey declined to discuss the vehicle's profit margins or whether the company plans to add additional hand-built models. Cadillac has not sold a hand-built vehicle for decades, but its crosstown rivals have offered such cars as custom performance models.
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