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Expect the Cadillac Lyriq EV to start under $60k

The recently unveiled Cadillac Lyriq EV will lead the brand's transformation to an all-EV lineup. And while the Lyriq is not expected to go on sale until late 2022, we now have some idea how much it's going to cost. That word comes from what should be a reliable source: GM North American president (and former Cadillac division president) Steve Carlisle. Speaking at the JP Morgan Auto Conference, as reported by Automotive News, Carlisle said, "This car will need to be priced similar to how the industry prices mid-size luxe SUVs today, maybe a slight premium at the outset. It's a price that won't be high five digits. It won't start with a seven, and it won't start with a six." So, the high $50s, then. The Lyriq is similar in size to today's Cadillac XT5, although it's nearly four inches lower and rides on a longer wheelbase. Pricing for the current XT5 ranges from $45,090 to $56,090 plus destination. The Lyriq will be available in rear-wheel-drive or higher-performance all-wheel-drive form. Range is expected to be at least 300 miles. The Lyriq is the first of a new family of EVs, as Cadillac plans to offer electric vehicles in every segment in which the brand currently competes. That means there should be a smaller, less expensive Cadillac EV as well — something akin to today's XT4, which would mean a Cadillac EV priced under $40k. But additional models, at higher and lower price points, would follow the Lyriq to market. Related Video:

GM Ultra Cruise hands-free system will take on Tesla Full Self-Driving

GM announced Wednesday that it will introduce a new semi-self-driving suite above its Super Cruise offering. Dubbed Ultra Cruise, it will coexist with GM's existing tech as it goes toe-to-toe with Tesla's "Full Self-Driving." GM says it will be compatible with more than 2 million miles of U.S. and Canadian roadways (with lots of headroom for expansion) and operate in more than 95% of normal driving situations at launch. The system will utilize more sensors than the existing Super Cruise system, with "cameras, radars and lidar, developing accurate, 360-degree, three-dimensional statistical representations of the environment surrounding vehicles with redundancies in critical areas." Tesla has long eschewed lidar technology as a means to improve its Autopilot and Full Self-Driving suites, but may be coming around on it. And Tesla recently dropped radar on Model 3 and Model Y to rely on cameras. While there are many competent semi-self-driving systems on the market today, true autonomous vehicles are still in their earliest stages, with Google's Waymo generally considered the leader of the race. Early releases of Tesla's many-times-delayed Full Self-Driving suite have demonstrated just how infantile the technology is, and even it is leaps and bounds ahead of other commercially available technology – and with good reason.    Related: GM sets goals of doubling revenue, leading U.S. electric vehicle sales   Semi-self-driving suites offered in typical mainstream cars are effective upgrades to adaptive cruise control, but even the ability to go for hours on the highway with limited input is nothing compared to the demands placed on a true self-driving platform. Things we take for granted in everyday driving — reacting to traffic lights and signs, changing lanes, navigating turn lanes and safely pulling into traffic, driving close to obstacles such as construction barricades, or something as simple as properly negotiating a tight driveway — are beyond the scope of all other advanced driver assistance suites.  "Ultra Cruise is not just a game changer in terms of what it enables ­– a door-to-door hands-free driving experience – but a technological one as well," said Doug Parks, GM executive vice president of Global Product Development, Purchasing and Supply Chain. "It's been developed completely in-house.

GM to build $1.3 billion Cadillac plant in China

General Motors has gotten approval to build a $1.3 billion manufacturing facility for its Cadillac brand in China. China's National Development and Reform Commission signed off on plans for GM to build the plant in the country's Shanghai's Jinqiao zone; construction is expected to begin in June of this year. According to a Bloomberg report, the plant will have an annual production capacity of 150,000 units.
No surprise here, but Cadillac would like to sell a lot more cars in the plush Chinese luxury market. The brand moved only 30,010 cars in China last year, compared with 400k for Audi, and about 330k for BMW. With Cadillac already telling us that it would be moving production of its XTS sedan to China - a production decision that saves having to pay 25-percent import tariffs - approval of the factory is a critical win for the company.
In fact, according to earlier comments by GM China president Bob Socia, it's at least conceivable that Chinese-built Cadillacs could be shipped back to the US for sale. The brave new world of globalization, getting stranger by the minute.