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2014 Cadillac ELR leases for $699 a month

Most Autoblog readers thought the $75,000 price tag on the 2014 Cadillac ELR was too high. If you can't swing the MSRP all in one go, how does a lease price of $699 a month sound? That's the amount that Cadillac is offering on the official ELR website, with some caveats, of course. First off, it appears that this lease price is for just for "current owners and lessees of all 1999 or newer GM vehicles." They will also have to pony up $4,999 at signing (all others will need $5,999). Second, the $699-a-month price is for a 39-month lease. Then, of course, "tax, title, license, dealer fees and optional equipment [are] extra" and "each dealer sets own price." Also, it appears that this lease deal is only good until the end of January. Cadillac started shipping the ELR plug-in hybrid coupe to dealers last month. There are two things to note in the fine print. The most surprising is that the payments are based on "a 2014 Cadillac ELR with an MSRP of $76,000." That's $1,000 more than the official MSRP announced in October. Then we get to the real kicker: The lease limits you to a mere 32,500 miles, which is just 833.3 miles a month. Well, 'limit' isn't the exact word, since you can certainly drive more. All you have to do is pay 25 cents per mile for each mile over 32,500. Drive the national average of 13,476 miles in a year? That comes to 43,797 miles over 39 months, which is 11,297 extra miles and an extra $2,824.25.

Cadillac is building an LMDh car, will compete in WEC and Le Mans

Cadillac returned to sports car racing back in 2017 with its DPi race car, and it has had a successful run with it. It won four Rolex 24 Hour races at Daytona from 2017 to 2020, and took home two championships. So it's not totally surprising that it will continue running in the IMSA series with a new LMDh-class car. But that also means that Cadillac can, and will, race in the World Endurance Championship series, which includes the 24 Hours of Le Mans. This is because LMDh is a class that will be legal in both IMSA and WEC racing, as will the LMH hypercar class. So Cadillac will be taking on hypercars from Toyota, Peugeot and Glickenhaus. Audi and Porsche have announced plans to run LMDh racecars as well, so it will be a crowded field. There have even been rumors of a Dodge-badged version of the Peugeot 9x8 LMH car as well as a Lamborghini LMDh entry. Per LMDh rules, the car will feature a spec chassis and hybrid unit, but the engine and bodywork will be unique to the Cadillac. Unlike LMH, there are no requirements to build road-going versions, so we sadly won't see a wild mid-engine Cadillac hybrid supercar on the streets (unless Cadillac just decides to build one; don't hold your breath). But we'll still be excited to see another American manufacturer compete for an overall win at Le Mans. Cadillac will team up with Dallara, Chip Ganassi Racing and Action Express Racing for vehicle development and competition. The car will make its racing debut at the 2023 Rolex 24 at Daytona in January of that year. All we have to go on for the car's looks is the rendering at the top, which suggests a seriously angular shape. It will also be called the LMDh-V.R, similar to the current DPi-V.R racecar. Related Video:

Hotter Cadillac CT5-V prototype spotted with a manual transmission

Fans of the old Cadillac CTS-V (and high-performance sedans in general) may have something to be excited about. A series of interior photos leaked Tuesday reveal that prototypes of the forthcoming higher-output variant of the CT5-V Sedan have been equipped with a manual gearbox. Exclusive: Photos show the wilder Cadillac CT5-V will have a manual transmissionhttps://t.co/Ta8hZ804eg — The Drive (@thedrive) March 10, 2020 Photos obtained by our friends at The Drive show a partially camouflaged CT5-V prototype with a full interior and what appears to be a manual gear selector. While the shifter and its boot are partially obscured by a plastic covering, it's obvious that the knob is not the same one paired with Cadillac's automatic gearboxes, such as the one featured in our expertly augmented photo above.  This is not the first time the potential for a stick-shift option in the new, higher-end "V" cars has been floated. Rumors suggesting that the as-yet-unnamed higher-output CT4-V and CT5-V models might be so-equipped (at least optionally) circulated late in 2019. This, in addition to significantly higher power outputs and revised suspensions will set them apart dramatically from the base CT4-V and CT5-V, which are intended to compete with the likes of the Audi "S" line of vehicles.  CT4-V spied View 40 Photos GM has been quite cagey when it comes to details about these new models. We know they'll follow in the footsteps of previous-generation "V" cars, which were aimed squarely at Europe's powerhouse sport sedans. The hotter CT5 variant is expected to employ the automaker's 6.2-liter supercharged V8, which made 640 horsepower in the now-dead CTS-V.  We reached out to Cadillac for comment and were told by a spokesperson, "The ultra-performance variants of our Cadillac CT5-V and CT4-Vs are still under development.  We will have more details to share in the next few weeks and the CT5-V and CT4-V ultra-performance versions will debut later this year. Until then, I can only confirm that these cars will build on V-SeriesÂ’ respected legacy." Hopefully, GM won't make us wait too much longer for official details of these new high-performance models, including what we should expect in terms of powertrain availability and launch timing. Stay tuned. Related Video: