
S&P 500 futures are changed as Wall Street tries to regain footing
June 30, 2022: -Stock futures were mixed on Wednesday morning after the major averages failed at a bounce …
April 22, 2021: -The all-electric Lyriq crossover will mark the starting of the end for traditional internal combustion engines at Cadillac when the recent EV arrives in dealer showrooms in the first months of the coming year.
According to the Lyriq, the first EV of Cadillac is the first in a new lineup of electric cars and SUVs for the brand as its planning to make all-electric vehicles exclusively by 2030. Rory Harvey, global vice president of Cadillac.
“We will be leaving this decade as an EV brand as things stand today,” he told reporters in an online media for the Cadillac Lyriq of 2023. “We will not be selling ICE vehicles by 2030.”
Motors, the parent company of Cadillac, previously said a majority would be all-electric vehicles by the end of the decade if not all of its Cadillac cars and SUVs sold globally. But Harvey’s comments take it a step further, reconfirming the plans and saying “Cadillac will not spend capital on its current lineup outside of updates, also known as mid-cycle refreshes, to vehicles on sale already.
Cadillac will lead GM’s plans to offer EVs by 2035 exclusively. Including nearly 30 new EVs by 2025 for a $27 billion investment plan in electric and autonomous vehicles in that time frame.
The Lyriq, beginning at $59,995, will be from the first to market with GM’s next-generation EV platform and battery system, called Ultium. The vehicle will only come in one configuration for the first model year to simplify the production.
On Wednesday, GM released pricing, photos, and details of the production version of the vehicle, which widely resembles a show car version from last year. As promised by GM, changes broadly include a few design tweaks such as smaller wheels and more prominent side mirrors to meet U.S. regulations.
“The intent was to take the show into production,” said Andrew Smith, Cadillac executive director of global design, color, and trim. Including new signature lighting and an illuminated Cadillac emblem on the front end. The Lyriq’s interior also features a curved 33-inch-diagonal advanced LED screen the spans the entire viewing area of the driver.
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