Is General Motors Ready to Take on Tesla?
General Motors (GM) took aim at Tesla (TSLA) at the North American International Auto Show in Detroit on Sunday.
GM unveiled the new Cadillac XT6 SUV at the Detroit auto show, and while It’s not all electric yet, there was some indication that the all EV model could be ready by 2021. And General Motors has more where that’s coming from. “Cadillac will be the tip of the corporate spear on [electric vehicles],” said GM president Mark Reuss.
That could be a challenge to Tesla and its Model X sport-utility vehicle with gull wing doors, especially with other all electric luxury SUVs in the auto maker pipeline. Audi’s e-tronSUV is accepting orders, Mercedes is planning to have an all electric luxury sport utility vehicle by the end of the decade and the Jaguar i-Pace is available for sale now.
Read more : https://www.barrons.com/articles/is-general-motors-ready-to-take-on-tesla-51547499820
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