Plug-In Electric Cadillac Coming in 2013

It will be produced at the same plant as the Chevy Volt

   

Plug-In Electric Cadillac Coming in 2013

Yet another electric-hybrid auto will soon be hitting America’s roads. General Motors (NYSE:GM) says it will start producing its Cadillac ELR, a plug-in hybrid-electric luxury car, next year.

Based on a concept debuted three years ago, the Cadillac ELR is expected to be in showrooms not long after production commences, Reuters noted.

 Plug In Electric Cadillac Coming in 2013
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GM didn’t disclose pricing for the new Cadillac, or mention how far it could drive on a charged battery. A gasoline-driven generator will take over once the battery is drained to extend driving range.

The new hybrid-electric car will be built at GM’s Detroit-Hamtramck facility, the same plant that produces its Chevy Volt. The latest Volt can drive 38 miles on a full battery.

GM temporarily halted production of the Volt last month. Critics say it was meant to clear out inventories of the poorly selling vehicle, which is priced around $40,000.

Shares of GM rose about 1% in Wednesday afternoon trading.


Article printed from InvestorPlace Media, http://investorplace.com/2012/10/plug-in-electric-cadillac-coming-in-2013/.

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