Cadillac plans to price a future electric sedan at around $300,000, according to people familiar with the matter, testing the cachet of General Motors luxury brand.

GM is set to reveal later this summer a prototype of the car, named the Celestiq. The company has said the sedan will be Cadillac’s premier offering and custom-built at its engineering center near Detroit. It hasn’t disclosed pricing.

This post first appeared on wsj.com

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

South Carolina to execute death-row inmate by firing squad or electric chair

South Carolina is set to execute a death-row inmate by firing squad…

Small study reveals how chronic sleep loss can increase the risk of heart disease

Cutting sleep short on a regular basis may harm immune stem cells,…

Texas Blackout Bills Plunge Power Supplier Brazos Into Bankruptcy

Texas’s largest electric-power cooperative filed for bankruptcy, saying it is overwhelmed by…

Australia’s Covid-19 Defenses Have a Weakness: Aircrews

Flight crew members walk through Sydney Airport. Photo: david gray/Agence France-Presse/Getty Images…