Cadillac is working on a new flagship sedan, to be named CT6, will be launched late next year.
The new model will not replace any of the current Cadillac models and is said to “constitute an entirely new approach to the prestige sedan, emphasizing a dynamic driving experience and advanced technology,” according to chief marketing officer Uwe Ellinghaus.
The CT6 will be slotted above the CTS and XTS and will join “an elite group of top-class large luxury cars.”
The new sedan will use lightweight materials and new body construction techniques to reduce fuel consumption while enhancing driving dynamics and safety.
The company promises the "lightest and most agile car" among top-level luxury sedans
The Elmiraj concept, introduced last year, will lend styling cues to the new CT6.
The CT6 will be built in Detroit.
Cadillac’s new flagship is a sedan called CT6
Cadillac’s new flagship is a sedan called CT6
Price cuts drive sales of Saudi-owned electric car
- Lucid delivers more vehicles than expected as it prepares to launch luxury new Gravity SUV
RIYADH: The majority Saudi-owned electric car maker Lucid delivered more vehicles than expected in the past three months as price cuts helped boost demand.
The company delivered 2,394 cars from April to June 30, above analysts’ predictions of 1,940.
Lucid produced 3,838 vehicles in the first six months of 2024 and needs to make more than 5,162 cars by end of the year to meet its annual output forecast of 9,000. It made 8,428 cars in 2023.
“I think at this point everything is shaping for them to achieve that,” said Andres Sheppard, senior equity analyst at Cantor Fitzgerald. Lucid will produce and deliver more cars in the second half of the year because of the usual seasonal effects on the industry, he said.
Demand for electric vehicles has grown more slowly than expected pace in the past year, under pressure from high borrowing costs, economic uncertainties and consumer preference for hybrid alternatives.
Lucid and the market leader Tesla have responded by slashing prices and offering incentives such as cheaper financing options. Lucid, which is 60-per-cent owned by the Public Investment Fund, the Kingdom’s sovereign wealth fund, cut the price of its flagship Air model by 10 percent in February.
Its new Gravity SUV model, a rival for Tesla's Model X, goes into production this year and will cost about $80,000.
