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Cadillac shows dealers convertible rendering

Cadillac is getting serious about revitalizing and expanding its lineup, and to that end, a new report claims that brand boss Johan de Nysschen has been showing plans for several new models to the marque's dealer body - among them, a new convertible.
The droptop which Cadillac reportedly showed its dealers in sketch form, would be based on the same platform as the ATS and CTS, those it's unclear to which (if either) of those model lines the new convertible would be added, or whether the design features a canvas or folding hardtop roof. One way or another, it would be the first time Cadillac would offer a convertible since the Corvette-based XLR roadster was discontinued more than five years ago.
Quoting an unnamed brand spokesperson, Cadillac would "like to introduce an open car to the portfolio at some point," however, "it's not likely to be one of the near-term portfolio additions."

Cadillac will expand its range of high-performance Blackwing models

Cadillac proved the American sport sedan isn't dead when it introduced the Blackwing variants of the CT4-V and the CT5-V (pictured) in February 2021. Launched to denote a short-lived V8 engine, the nameplate will appear on other go-fast members of the company's range in the coming years, but there's at least one model it will steer clear of. "Blackwing is reserved for really the pinnacle, the purest expression of performance and track capability, and that's what it's going to stand for going forward. [The CT4-V Blackwing and CT5-V Blackwing] won’t be the last Blackwing cars that we do, but you wonÂ’t see one on every vehicle. ItÂ’s not appropriate. I couldnÂ’t imagine doing an Escalade-V Blackwing," said Cadillac engineering boss Tony Roma in an interview with enthusiast site GM Authority. His comments are reassuring, because they confirm that Cadillac won't water down the Blackwing badge by putting it on sporty-looking models that are more show than go. What's next remains up in the air. The CT4 and the CT5 are Cadillac's only sedans as of writing, so the next Blackwing-badged model will either be an electric car, a crossover, or both. Regardless, it should arrive as a truly track-capable hot rod developed for hardcore enthusiasts. For others, Roma also suggested more V-badged cars are in the pipeline, though he stopped short of listing the models the emblem will appear on. Demand for quick crossovers is growing steadily in America, so it's not difficult to imagine an XT4-V, for example. And, an unverified report published in February 2021 claims the Escalade's 6.2-liter V8 will soon receive a 200-horsepower bump thanks to a factory-backed, dealer-installed supercharger. If the rumor is accurate, the 600-plus-horse Escalade could be the V-branded model that Roma alluded to in the interview. "The V-Series lineup has expanded," he said. "You're going to see more of that in the future. We're going to do more V-Series. It's important to our brand, and you'll see it on other products." Related video:

GM raises 2023 guidance on strong sales, higher profits

General Motors beat first-quarter profit estimates and raised its full-year earnings and cash-flow guidance after vehicle demand at the start of the year surpassed expectations. Its shares rose in premarket trading. GM made $2.21 a share in adjusted profit in the first quarter, compared to a consensus forecast of $1.72 a share. Revenue rose 11% to $39.99 billion, it said Tuesday, which was more than the $39.24 billion analysts expected. The stronger results stem from rising sales in the US, even in the face of higher interest rates and inflation. GM executives said demand was strong enough to revise 2023 guidance upward, boosting profit estimates for the year by $500 million to between $11 billion and $13 billion. “We did it with strong production and inventory discipline and consistent pricing,” GM Chief Financial Officer Paul Jacobson said on a call with journalists. “All in all, weÂ’re feeling confident about 2023.” The Detroit automaker raised per-share full-year guidance to between $6.35 and $7.35, up from $6 to $7 a share, and said free cash flow would also increase by $500 million to a range of $5.5 billion to $7.5 billion.  GMÂ’s shares pared a gain of as much as 4.4% before the start of regular trading Tuesday, rising 3.5% to $35.50 as of 6:55 a.m. in New York. The stock was up 1.9% for the year as of the close on Monday.  North American Strength The automakerÂ’s sales were particularly strong in North America, where first-quarter earnings rose before interest and taxes rose to $3.6 billion. Vehicle sales rose 18% to 707,000 in the region. Jacobson said the company originally expected to sell 15 million vehicles in the US this year, slightly less than the 15.5 million annualized rate automakers foresaw in the first quarter. North American demand was enough to offset a weak performance in China, GMÂ’s second-largest market. The automaker continues to struggle in the country, where its vehicle sales fell 25% to 462,000 vehicles in the quarter. Profits from its joint ventures in the market slumped 65% to $83 million.  The market has struggled overall in the wake of Covid-19 restrictions and foreign automakers have had to overcome a growing preference for Chinese brands by competing on price, squeezing profit margins. The situation in China probably wonÂ’t significantly improve until the second half of the year, according to Jacobson. GM remains on target to sell 150,000 electric vehicles this year, the CFO said.