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2010 Cadillac SRX: A new standard for GM's luxury crossovers
Mon, 10 Aug 2009A few years after Lexus touched off the luxury-crossover craze with its RX 300, Cadillac chose to offer the SRX--a completely different, angular tall wagon with a rear liftback built on its rear-drive CTS sedan chassis. Although the SRX was excellent, its showing in a marketplace seeking stylish RX-like crossovers wasn't good. Since it introduced the SRX as a 2004 model, Cadillac has sold a total of 120,000; Lexus sells about 90,000 RXs every 12 months.
To sell the Stingray, Chevy plans to target Porsche
Tue, 07 May 2013Corvette says there is a substitute for Porsche. And it's the all-new 2014 Corvette Stingray hitting showrooms this fall. General Motors' Chevrolet and ad agency Commonwealth, Detroit, are plotting an ambitious marketing strategy for one of the automaker's biggest launches of the year.
News watch August 2010: today's industry news
Thu, 26 Aug 2010Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 August 2010• HSBC has sold its US car loan business to Spanish bank Santander, for an estimated £2.6bn in cash and assumed debt. The move sees the bank further distance itself from the collapsed US sub-prime market (Financial Times, subsription required) • Toll roads do not improve congestion, according to the Campaign For Better Transport. Its claims M6 toll road operator Midland Expressway Ltd is losing ‘tens of millions of pounds’ each year, while conditions on the original M6 have failed to improve (Campaign for Better Transport) Friday 27 August 2010• Spyker, which bought Saab earlier this year, has posted a €139m loss after tax in the first half of 2010 it announced today (Financial Times)• Fiat CEO Sergio Marchionne says the business is performing strongly in the third quarter – and has ruled out selling Alfa Romeo.