- Admin
- #1
Will the new Corvette spawn a Cadillac?
Published August 20, 2013
FoxNews.com
<script type="text/javascript" src="http://video.foxnews.com/v/embed.js?id=2612216654001&w=466&h=263"></script><noscript>Watch the latest video at <a href="http://video.foxnews.com">video.foxnews.com</a></noscript>
Cadillac is planning a big move upmarket.
The large, powerful Elmiraj coupe concept revealed last week is just the latest example that the resurgent luxury automaker has aspirations to play in the premium segment, selling cars in the $100,000 range.
But it’s been there before, and not that long ago.
In 2004, Cadillac introduced the XLR sports car. Based on the platform of the fifth-generation (1997-2004) Chevrolet Corvette, the retractable roof two-seat convertible was aimed squarely at the likes of the Mercedes-Benz SL and was powered by the brand’s signature Northstar V8.
The XLR debuted with a price tag above $76,000, with the high-performance XLR-V cresting $101,000 by the end of the model’s run in 2009, putting it squarely at the top of Cadillac’s lineup.
Sales were strong the first few years, but crashed with the economy and General Motors’ financial problems, leading to its cancellation. It’s aging chassis no longer able to compete with the modern machines coming out of Europe.
Full Story: Will the new Corvette spawn a Cadillac? | Fox News
Published August 20, 2013
FoxNews.com
<script type="text/javascript" src="http://video.foxnews.com/v/embed.js?id=2612216654001&w=466&h=263"></script><noscript>Watch the latest video at <a href="http://video.foxnews.com">video.foxnews.com</a></noscript>
Cadillac is planning a big move upmarket.
The large, powerful Elmiraj coupe concept revealed last week is just the latest example that the resurgent luxury automaker has aspirations to play in the premium segment, selling cars in the $100,000 range.
But it’s been there before, and not that long ago.
In 2004, Cadillac introduced the XLR sports car. Based on the platform of the fifth-generation (1997-2004) Chevrolet Corvette, the retractable roof two-seat convertible was aimed squarely at the likes of the Mercedes-Benz SL and was powered by the brand’s signature Northstar V8.
The XLR debuted with a price tag above $76,000, with the high-performance XLR-V cresting $101,000 by the end of the model’s run in 2009, putting it squarely at the top of Cadillac’s lineup.
Sales were strong the first few years, but crashed with the economy and General Motors’ financial problems, leading to its cancellation. It’s aging chassis no longer able to compete with the modern machines coming out of Europe.
Full Story: Will the new Corvette spawn a Cadillac? | Fox News
