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  • William Maley
    William Maley

    GM's President of North America Says Cadillac Flagship Is On The Table

    William Maley

    Editor/Reporter - CheersandGears.com

    June 14, 2012

    When the Cadillac XTS was first revealed, most everyone in the press said this was the new flagship. However, GM's North American president is making it clear that there could be a real Cadillac flagship.

    Mark Reuss, GM's president for North America recently told Automotive News that a flagship Cadillac is on the table.

    The flagship would be a continuation of how GM has been positioning Cadillac's lineup to better match-up with competitors. The new ATS will tackle the BMW 3-Series and Audi A4, while the next CTS will grow in size to better compete with the BMW 5-Series and Mercedes-Benz E-Class.

    “I’m a fan of going right at those segments and beating them in segment,” Reuss said. He went onto say that he would ”love Cadillac to have a flagship.”

    But Reuss does cautions on if the flagship makes the light of day, saying if GM executives conclude that it is the best use of the automaker's finite resources.

    "The way we're funding Cadillac has been from, sort of, everything else in GM. That leaves the brand with "very reduced scale in terms of individual architectures, engines, technology."

    "We have to make very careful decisions," he said.

    Source: Automotive News (Subscription Required)

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    I agree Platform share with the Aussie full size car or use the Suburban frame for a true full size luxury car. :P

    Reality, I can see a New Full size Unibody that can service the livery business, a large size car for Chevy, Buick and mega lux for Caddilac.

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    It seems whatever platform replaces Zeta would the appropriate place to build a big Cadillac, a big Chevy to replace the SS and Caprice, a big Holden, and a big Buick for China...

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    I can't believe that such a big company can be so stubborn and obstinate about this.

    Cadillac needs to have a flagship vehicle, they cannot be a serious competitor in the market they aspire to be "the standard of" without it. So what if it's expensive. So what if the first generation or two loses money. It will bring people into Cadillac showrooms and have a synergistic effect on the sales of other cars (ATS, CTS, SRX). It will raise the profile and "cred" of the brand which can't do anything bad in the public eye.

    It's time to plug in some quarters or leave the phonebooth.

    Edited by vonVeezelsnider
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    See, I have yet to see the 'trade-up' theory demonstrated. In fact, brand loyalty numbers strictly say otherwise.

    While I too would LOVE to see another grand Cadillac flagship in their tradition, I find the entire 'people buy a 1-series because of the 7-series' to be wild speculation.

    In other words, I can completely see the BUSINESS case for competing in the entry, mid, full-size, CUV/SUV segments, and still be totally competitive IN THOSE SEGMENTS, and forgo a few hundred/thousand units/yr at a huge loss.

    Again- I still am eager to see this proposed Omega flagship, and in the showroom. That's the emotional response... :)

    Edited by balthazar
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    Seems to me that Cadillac's biggest problem here is that they don't have the same global market that BMW and MB have. That's fine for ATS,CTS, and SRX, but more problematic for the flagship.

    Still think that they need to do this though. It would go a long way toward making the doubters take Caddy seriously.

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    3-Series buyers don't care about the 7. C-Class drivers classify the S as the preferred method of conveyance for dictators.

    I'd rather Cadillac put all its dollars into its bread and butter vehicles. Manufacture every Cadillac with the quality and engineering deserving of a flagship before spending money on a totally new project that will not sell in today's economy.

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    3-Series buyers don't care about the 7. C-Class drivers classify the S as the preferred method of conveyance for dictators.

    I'd rather Cadillac put all its dollars into its bread and butter vehicles. Manufacture every Cadillac with the quality and engineering deserving of a flagship before spending money on a totally new project that will not sell in today's economy.

    That's one way to look at it.

    The other is that Cadillac will never be seen to be on an equal level with its main competitors until it can offer a genuine competitor to the 7 and the S.

    It isn't so much that a CTS buyer will lust after the flagship, but that the whole brand's image is lacking because one isn't there.

    The brand has something to prove and the flagship level is where that has to be done.

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    I guess what I'm saying is that they have to prove that they can do it, and the only way is to actually do it.

    It's a risk, maybe a dangerous one, but I think it's one they will eventually have to take to get where they want to be.

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    That's one way to look at it.

    The other is that Cadillac will never be seen to be on an equal level with its main competitors until it can offer a genuine competitor to the 7 and the S.

    It isn't so much that a CTS buyer will lust after the flagship, but that the whole brand's image is lacking because one isn't there.

    The brand has something to prove and the flagship level is where that has to be done.

    I don't disagree. But I think it can be argued that BMW built its brand (in North America) on the back of the 3-Series and its predecessors.

    Infiniti had a flagship called the Q45. Nobody bought it and Infiniti was regarded as a lame-duck. The goodwill generated after the G35's debut in 2003 is what led Infiniti to become a real luxury car player.

    My belief is that the people that don't see Cadillac being an 'equal' brand because it lacks a flagship, won't see it being an 'equal' brand if it has one, either.

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    ^ Well put, Perv.

    I see the argument from the 'internet forum contingency', and the handful of people openly shopping in the s-class segment, but EVERYONE ELSE shopping in all the other segments Cadillac is in, I just don't see them caring.

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    I don't know where the idea of a "Flagship" ever got associated with the XTS. GM never made such a claim or suggestion. The layout, size, powerplant and everything else about the car yells "Lexus ES350". That's not a bad thing, the ES is a huge seller and this can be Cadillac's volume driver. But that has nothing to do with a Flagship.

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    "The way we're funding Cadillac has been from, sort of, everything else in GM. That leaves the brand with "very reduced scale in terms of individual architectures, engines, technology."

    GM should really stop with this crap of constantly keeping this flagship/no-flagship talk in public... Shut the Hell up and don't reply to questions with anything more than "all options are being considered at this point"... Jesus... :blink:

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    Perhaps the word "flagship" gets in the way a bit here.

    It implies large, exclusive, and expensive.

    Maybe what's missing is just a third size of Cadillac that is clearly the top of the line.

    XTS, Escalade, and SRX, are all sort of side business - the legacy of trend.

    So, CTS, ATS, and ?

    The 7 and the S aren't really two versions of the same formula, perhaps this new Caddy should follow yet another road.

    Edited by Camino LS6
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    That is a good way to put it. Cadillac needs a third car of bigger size as the market demands, which is better than its competitors. Let the media call it Flagship, Battleship, Mothership or whatever.

    I honestly am not averse if it shares bones and muscles with other brands to make a business case for the product. However, it should be a Caddy first before being any other brand.

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    That's one way to look at it.

    The other is that Cadillac will never be seen to be on an equal level with its main competitors until it can offer a genuine competitor to the 7 and the S.

    It isn't so much that a CTS buyer will lust after the flagship, but that the whole brand's image is lacking because one isn't there.

    The brand has something to prove and the flagship level is where that has to be done.

    I don't disagree. But I think it can be argued that BMW built its brand (in North America) on the back of the 3-Series and its predecessors.

    Infiniti had a flagship called the Q45. Nobody bought it and Infiniti was regarded as a lame-duck. The goodwill generated after the G35's debut in 2003 is what led Infiniti to become a real luxury car player.

    My belief is that the people that don't see Cadillac being an 'equal' brand because it lacks a flagship, won't see it being an 'equal' brand if it has one, either.

    Excellent one. One thing I would like to add is BMW, Infiniti started from scratch unlike Cadillac which has over 80 years of history of being a brand on cutting edge of technology, till GM decided to dilute it. So memories of "Cadillac of options", "Cadillac project" will haunt the brand if it does not deliver on the high end.

    Bottoms up approach is what Reuss is banking on. If ATS, CTS, and XTS are successful, not only here but around the world, business case can be made for the LTS to the bean counters. However, there is a need for diesel ASAP.

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    Starting from scratch is a lot easier than 70 years of great and 30 years of sub par. The issue with today is too few remember the glory years while the rest only remember what you have done for me latley.

    the Diesel is important for when they go to Europe again but for here it is really a non factore with the American market.

    The Real key is to get the ATS and new CTS to be the class leaders here over the other brands. It is time for Cadillac to take the lead with these cars and not just be as good or just a little better till BMW comes out with a new model in 6 months. They need to advance the brands down the road and far enough ahead that by the time the others catch up they are already to advance the line again.

    Time for them to stop playing catch up and take the lead and hold it. This will pave the way for the LTS and other future models.

    post-394-0-23359900-1339802887_thumb.jpg

    While this is not the new CTS it looks like the path the CTS will take with a little less squared off hard edges and more rake to the roof.

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    Starting from scratch is a lot easier than 70 years of great and 30 years of sub par. The issue with today is too few remember the glory years while the rest only remember what you have done for me latley.

    the Diesel is important for when they go to Europe again but for here it is really a non factore with the American market.

    The Real key is to get the ATS and new CTS to be the class leaders here over the other brands. It is time for Cadillac to take the lead with these cars and not just be as good or just a little better till BMW comes out with a new model in 6 months. They need to advance the brands down the road and far enough ahead that by the time the others catch up they are already to advance the line again.

    Time for them to stop playing catch up and take the lead and hold it. This will pave the way for the LTS and other future models.

    post-394-0-23359900-1339802887_thumb.jpg

    While this is not the new CTS it looks like the path the CTS will take with a little less squared off hard edges and more rake to the roof.

    It's beautiful - and that comes from a sedan hater who really isn't too interested in luxury cars. If Caddy can up their design mojo to this level - even I might take notice.

    NOTE: For those who do not know, the "ZTS" pictured above is the fine work of our own Dodgefan.

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    Starting from scratch is a lot easier than 70 years of great and 30 years of sub par. The issue with today is too few remember the glory years while the rest only remember what you have done for me latley.

    the Diesel is important for when they go to Europe again but for here it is really a non factore with the American market.

    The Real key is to get the ATS and new CTS to be the class leaders here over the other brands. It is time for Cadillac to take the lead with these cars and not just be as good or just a little better till BMW comes out with a new model in 6 months. They need to advance the brands down the road and far enough ahead that by the time the others catch up they are already to advance the line again.

    Time for them to stop playing catch up and take the lead and hold it. This will pave the way for the LTS and other future models.

    post-394-0-23359900-1339802887_thumb.jpg

    While this is not the new CTS it looks like the path the CTS will take with a little less squared off hard edges and more rake to the roof.

    It's beautiful - and that comes from a sedan hater who really isn't too interested in luxury cars. If Caddy can up their design mojo to this level - even I might take notice.

    NOTE: For those who do not know, the "ZTS" pictured above is the fine work of our own Dodgefan.

    The only issue is you are not the target market. You have got to go to the bulk of the buyers not the fringe.

    The bulk of the market are like the independent voters. They are the ones who determines who wins and not the die hard supporters. It is not fair but that is how it works.

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    Please.

    Beautiful design is beautiful design.

    No fringe required

    To you and I but to the masses anymore they have other ideas. Form and function both have to work anymore. This is how you can account for things like the Cube, IQ and Fit.

    It is sad but the truth is many classics today would not happen due to the wants and needs of todays public. Just look at the love hate on the CTS Coupe here let alone in the unwashed masses.

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    So, you are saying that nothing can make it in the market if it is beautifully designed?

    Dodgefan's ZTS is well within Cadillac's A&S design language.

    Not radical, not quirky, just beautiful.

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    How did the cube & IQ get into this discussion??

    DF's ZTS is no more non-functonal (from what we see) than any other luxury sedan, and the form is striking.

    That fits hyper's 'unwashed masses' demands' criteria perfectly.

    BTW, in Jan '12, the cube sold a paltry 461 units.

    5500 units/yr is NOT the choice of the 'unwashed masses'; it's being solidly rejected.

    One can ONLY assume that here, FORM, is a decisive factor. :P

    Edited by balthazar
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    My point is from drawing that has little to no real measurments to real world they have to change. Case in point G6 drawings to production car.

    The point of the Cube [they did sell them more than in just 2012] Fit and IQ is to point out function with many buyers is passing up form. Today companies can sell a cube but then they complain about the rear view out of the CTS. In days of old they would be willing to look through a periscope to drive a good looking car. Today they whine if the c pillar is too big.

    There is nothing wrong with the so called ZTS to this point as it is not a real car. Once put to sheetmetal often roofs have to be raised etc. Neither of us can argue about a drawing. My only point is look around and for the most part people do not place styling at the top of the list when buying a car anymore. It used to be one of the top two but now I feel has slipped to 4th-5th on the list. Things like price, function, MPG and Ergo have passed up styling. If this were not true would we have all the garbage on the roads today?

    Car companies have to stand the middle ground and try to please both. A little styling matched with the other things most buyers want. Lutz has challanged GM to push things more than they have but there is still a little holding back with some of the styling. Anymore design has become a damn'ed if you do and Damn'ed if you don't thing. I am all for pushing it but the reality of the market does not agree with me.

    And no I am not going to argue over the ZTS as it is not even a GM drawing. A very nice one but not even one that is in play. Now oncw we see a full on CTS and we either like or dislike game on.

    Edited by hyperv6
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    And the less dramatic Mustang is right there with it.

    The A&S toned down by Lutz will be less polarizing but still effective to make a great styling statment. Taking a little of the hard lines back and smoothing the roof line will only open the appeal more. The last CTS was pretty much a love hate design. Todays CTS has wider appeal and the next I expect will have more with a laid back roof line.

    Edited by hyperv6
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    "The way we're funding Cadillac has been from, sort of, everything else in GM. That leaves the brand with "very reduced scale in terms of individual architectures, engines, technology."

    I think that is the telling statement, Ruess is admitting that Cadillac is basically a parts bin brand. I don't think he wants it that way, but the financials dictate it. I believe he also knows that the parts bin isn't going to cut it in that upper echelon of sedans. And will the beancounters give the money for low economy of scale architectures, engines and technology.

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    Audi does run parts bin, but mainly off the 2.0T engine. The 3.0 supercharged V6 isn't really seen elsewhere, and the 4.0 V8 wasn't either until Bentley got a differently tuned version for the Continental this year. Audi does have an 8-speed transmission that VW doesn't have, and that modular platform thing is more for them and not VW. The A3 is the only Audi with a lot of VW gear in it. Most of Audi parts share is with Porsche, Bentley and Lamborghini, which isn't a bad thing.

    Audi also doesn't have the cache that BMW or Mercedes have, here or anywhere else really. Audi wins in China because the government loves them and they do cost less than Mercedes.

    I am not sure what parts bin Mercedes is sharing with. I didn't know the E-class got it's platform, engine, and transmission from a $25,000 family sedan. Mercedes and BMW are unique in that they don't have many global partnerships, aside from some strategic alliances.

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    I do think that Cadillac needs to decide if they are a Contender or a Pretender. They have talked for years, let's see action. I do believe they need a flagship car, look at how weak Lincoln, Acura and even Infiniti are without one. Infiniti has 2 strong cars in the G and M, yet they can't crack the German stronghold. It doesn't matter how good the ATS and CTS are, without any halo vehicles or image builders it is going to be a long road to standard of the world.

    But Cadillac also has to go big or go home here, they can't run another Allante or XLR-V out there to bomb. It needs to be done right, which will cost a load of money, but I think worth it for the brand in the long run.

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    And the less dramatic Mustang is right there with it.

    The point (since you missed it) is that people STILL are willing to 'look thru a periscope to drive a good looking car'. Hence : Camaro.

    Fact is of course that modern cars, and here let's stick with the most comparable units; Camaro & Mustang, are harder on fields of vision than their early ancestors. Therefore, even the "less dramatic" Mustang is, relatively speaking, pulling in buyers who are willing to accept trade-offs to drive a good looking car.

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    Mustang and Camaro are far from the luxury car market. And most big luxury sedans are not aggressively styled, they are more sedate and elegant. Plus I would say if Cadillac wants to sell an $80-100,000 sedan, there better not be many trade offs in it. At that price point buyers aren't going to want compromises.

    Edited by smk4565
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    "The way we're funding Cadillac has been from, sort of, everything else in GM. That leaves the brand with "very reduced scale in terms of individual architectures, engines, technology."

    I think that is the telling statement, Ruess is admitting that Cadillac is basically a parts bin brand. I don't think he wants it that way, but the financials dictate it. I believe he also knows that the parts bin isn't going to cut it in that upper echelon of sedans. And will the beancounters give the money for low economy of scale architectures, engines and technology.

    I agree that Ruess' statement is telling, but I heard a slightly different story than you did in his words. To me it sounds like the Cadillac budget is stolen from the other brands (makes me wonder what they have lost because of it). That doesn't necessarily mean that Cadillac is a "parts bin brand". It does, however, make Cadillac a drain on the other brands.

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    I agree that Ruess' statement is telling, but I heard a slightly different story than you did in his words. To me it sounds like the Cadillac budget is stolen from the other brands (makes me wonder what they have lost because of it). That doesn't necessarily mean that Cadillac is a "parts bin brand". It does, however, make Cadillac a drain on the other brands.

    Cadillac shouldn't be a drain, they are supposed to be the crown jewel. If GM can't fund 4 brands, then GM didn't cut enough of them in bankruptcy. After Chevy, the #1 priority of GM (globally) needs to be Cadillac.

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    Nearly every car that is regular production is to some degree a parts bin car as that is just the way it is today with most MFG.

    As for budget Cadillac does not support GM, Pick up trucks support GM as does Chevy in general just due to volume. Cadillac is moving to become a low volume MFG but they just can't charge the price yet to support themselves. I think that Mark was just letting it be known that Cadillac still has work to do and do not be suprised to see a version of the Gen V Chevy powering the car. While not a bad thing it is not what they really want but sometimes you have to you just have to take the best you have and make due. Now that does not mean that I do not believe GM should not take this engine and do a special verison only available in the Flagship. Also I feel in place of the cheap plastic covers they should full dress the engine in polished aluminum and poweder coat. Dressing up that engine is would go a long way to present it in a premium form. Hell they dressed up my Fiero 2.8 V6 in red powder coated aluminum and stainless 12 point bolts and made it look unlike any GM engine offered. The key was it still was pretty much the Citation engine but the dress up made it look like a much better and advance engine than it was.

    I hate to say it but GM was in a bind. They need Chevy as this is their volume line and their new global mainstay. They need to save Cadillac as they will need to get back to the Luxury market. To save Cadillac on a limited budget will take more time but it would be even more expensive and difficult to relaunch Cadillac at a later time. As for Buick and GMC they are brands GM has to have because GMC is pure profit and Buick is paying it's way in China.

    Sharing parts for Cadillac is a given and there is no way around it. They just need to make sure they use only the best needed parts. It is not a sin to use shared parts but it is a sin to use the wrong parts as it sends a bad message. Example the ZR1 Corvette had the same steering wheel as my HHR SS. While it gives me a cool factor to my HHR it is a down right shame to see this in a 100K Vette. For that kind of many it would not be that great expense to have a supplier [Momo] make a special wheel for this car. If you want the HHR wheel in the regular Vette that is fine but not in the top level car you want to make a statment with. This was just as bad as the Vega wheel in the 1977 Vette.

    The key to the flagship is while it may share parts do not let any show that may give away where it came from in the first place. The only things it should share that can be seen are things shared with the ATS, CTS or XTS. This would help reflect a division shared heritage.

    Anyway I see a shared engine and shared Omega platform coming and if done right they can pull it off if you can tell what is shared it will fail.

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    The Omega Cadillac must be more of everything. Longer wheelbase and overall length. Special engine and suspension parts. No shared exterior body panels, just windshield and laminated front door glass shared between Cadillac and lesser Omega platform mates. And of course the finest interior GM can build.

    It's the only way.

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    If GMC is pure profit, then GM should have plenty of money to send Cadillac's way. I am not so convinced that GMC is the cash cow many think it is, they are basically running a whole separate marketing campaign to sell what Chevy already does. Buick sells the Verano, LaCrosse and Enclave which are all Chevy under the skin and the Regal came from Opel. And they are selling in China, so where is all GM's money going? And why would GM put money to mid-levels like Buick and GMC or money losing Opel, and keep it from Cadillac? Chevy because volume is GM's most important brand, but Cadillac is their icon and really should be the leader of GM.

    I suspect GM could afford to give Cadillac what it needs, but chooses not to. And if they can't afford to give Cadillac the money they need, they still have too many models and too many brands.

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    If you look at the S-class range, it does it all. You can get 31 mpg, or 0-60 in 4 seconds, 4-matic and adjustable height suspension makes it work in snow or mud, it has ride, handling, technology, luxury, etc. It does everything well, so if Cadillac wants to go there, they need a car that does everything well.

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    If GMC is pure profit, then GM should have plenty of money to send Cadillac's way. I am not so convinced that GMC is the cash cow many think it is, they are basically running a whole separate marketing campaign to sell what Chevy already does. Buick sells the Verano, LaCrosse and Enclave which are all Chevy under the skin and the Regal came from Opel. And they are selling in China, so where is all GM's money going? And why would GM put money to mid-levels like Buick and GMC or money losing Opel, and keep it from Cadillac? Chevy because volume is GM's most important brand, but Cadillac is their icon and really should be the leader of GM.

    I suspect GM could afford to give Cadillac what it needs, but chooses not to. And if they can't afford to give Cadillac the money they need, they still have too many models and too many brands.

    They need to cut the GMC budget by 90%. GMC existed for decades on a minimal budget doing rebadges of Chevys. GM does not need two full line truck/SUV/CUV brands.

    Edited by Cubical-aka-Moltar
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    Small problem, Cubical: If GMC were to be terminated tomorrow, GMC buyers would buy FORD trucks, not Chevy trucks. That is the real reason GMC survived: too much profit on the table to say no.

    As for Cadillac, yes a flagship is required. The only problem is where the growth is for Cadillac. Europe is nearly impregnable thanks to the Germans (and to a lesser extent Jaguar/Land Rover). China is helpful, but the current government is bent on ensuring that nothing leaves there except exported product (rather than repatriated profits). Our current corporate tax code is of no help either on this regard. I doubt that Latin America will be a major source of growth since those markets seem to prefer either rugged trucks or relatively small cars (and the elites probably buy German anyways). So what is Cadillac to do to solve the real problem of sales growth outside of NA?

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Both companies have stated that the acceleration of technology and the rapid change of the auto industry will allow these two companies to maintain global competitiveness and deliver more attractive products and services for customers worldwide. Nissan global mobility product line merged with Honda four-wheel-vehicles, motor cycles and power products can allow both companies to become more attractive to shareholders and innovation of products to sell to customers worldwide according to the CEOs of both companies. Nissan and Honda have stated the following: Nissan and Honda aim to become a world-class mobility company with sales revenue exceeding 30 trillion yen ($190 Billion U.S. Dollars) and operating profit of more than 3 trillion yen ($19 billion U.S. Dollars). The expected synergies from the business integration at this time are: 1. Scale advantages by standardizing vehicle platforms By standardizing the vehicle platforms of both companies across various product segments, the companies expect to create stronger products, reduce costs, enhance development efficiencies, and improve investment efficiencies through standardized production processes. The integration is projected to increase sales and operational volumes, allowing the companies to reduce development costs per vehicle, including for future digital services, while maximizing profits. By accelerating the mutual complementation of their global vehicle offerings - including ICE, HEV, PHEV, and EV models - Nissan and Honda will be better positioned to meet diverse customer needs around the world and deliver optimal products, leading to improved customer satisfaction. 2. Enhancement of development capabilities and cost synergies through the integration of R&D functions In accordance with the MOU to deepen strategic partnership and the joint research agreement on fundamental technologies dated August 1, the two companies have started joint research in fundamental technologies in the area of vehicle platforms for next-generation software-defined vehicles (SDVs), which is the cornerstone of the field of intelligence. After the business integration, both companies will encompass more integrated collaboration across all R&D functions, including fundamental research and vehicle application technology research. This approach is expected to enable both companies to efficiently and swiftly enhance their technological expertise, achieving both improvements in development capabilities and reductions in development costs through the integration of overlapping functions.   3. Optimizing manufacturing systems and facilities The companies anticipate that optimizing their manufacturing plants and energy service facilities, combined with improved collaboration through the shared use of production lines, will result in a substantial improvement in capacity utilization leading to a decrease in fixed costs.   4. Strengthening competitive advantages across the supply chain through the integration of purchasing functions To fully leverage the synergies from optimizing development and production capacity, both companies intend to boost their competitiveness by improving and streamlining purchasing operations and source common parts from the same the supply chain and in collaboration with business partners.   5. Realizing cost synergies through operational efficiency improvements The companies expect that the integration of systems and back-office operations, along with the upgrade and standardization of operational processes, will drive significant cost reductions.   6. Acquisition of scale advantages through integration in sales finance functions By integrating relevant areas of sales finance functions of both companies and expanding the scale of operations, the companies aim to provide a range of mobility solutions, including new financial services throughout the vehicle lifecycle, to customers of both organizations.   7. Establishment of a talent foundation for intelligence and electrification The human resources of the companies are an invaluable asset, and establishing a strong human resource foundation is crucial for the transformation that will come with the business integration. After the integration, increased employee exchanges and technical collaboration between the companies are expected to promote further skill development. Moreover, by leveraging each company's access to talent markets, attracting exceptional talent will become more attainable. Method of business integration and stock listing Nissan and Honda, with the result of the consideration, plan to establish, through a joint share transfer, a joint holding company that will be the parent company of both companies. This will be subject to approval at each company's general meeting of shareholders and obtaining necessary approvals from relevant authorities for this business integration, based on the premise that Nissan's turnaround*1 actions are steadily executed. Both Nissan and Honda will be fully owned subsidiaries of the joint holding company*2. Additionally, the companies plan to continue coexisting and developing the brands held by Honda and Nissan equally. Shares of the newly established joint holding company under consideration are planned to be newly listed (technical listing) on the Prime Market of the Tokyo Stock Exchange (“TSE”). The listing is scheduled for August 2026. With the listing of the joint holding company, both Nissan and Honda will become wholly owned subsidiaries of the joint holding company and will be scheduled to be delisted from the TSE. However, shareholders of both companies will continue to be able to trade shares of the joint holding company issued during this share transfer on the TSE. The listing date of the joint holding company and the delisting date of both Nissan and Honda will be determined in accordance with the regulations of the TSE. Regarding the organizational structure of the joint holding company, and both companies which will become wholly-owned subsidiaries of the joint holding company after the business integration, the optimal structure for realizing synergies, including the integration of R&D functions, purchasing functions, and manufacturing functions, will be discussed and considered within the integration preparatory committee, with the aim of establishing an organizational structure that enables efficient and highly competitive business operations after the business integration. The CEO's of all three companies had the following to say: Marking the announcement, Nissan Director, President, CEO and Representative Executive Officer Makoto Uchida said: “Honda and Nissan have begun considering a business integration, and will study the creation of significant synergies between the two companies in a wide range of fields. It is significant that Nissan's partner, Mitsubishi Motors, is also involved in these discussions. We anticipate that if this integration comes to fruition, we will be able to deliver even greater value to a wider customer base.“ Honda Director and Representative Executive Officer Toshihiro Mibe said: "At this time of change in the automobile industry, which is said to occur once every 100 years, we hope that Mitsubishi Motors' participation in the business integration discussions of Nissan and Honda will lead to further social change, and that we will be able to become a leading company in creating new value in mobility through business integration. Nissan and Honda will start the discussion from today onwards with an aim to clarify the possibility of business integration by around the end of January in line with the consideration of Mitsubishi Motors." Comment from Mitsubishi Motors Director, Representative Executive Officer, and President and CEO Takao Kato said: “In an era of change in the automotive industry, the study between Nissan and Honda about a business integration will accelerate synergy maximization effects, bringing high value also to the collaborative businesses with Mitsubishi Motors. In order to realize synergies and to make the best use of each company's strengths, we will also study the best form of cooperation.” Upon looking at the press releases, it makes total sense that these companies would look to merge as each company is having a challanging time. Nissan globally has seen a 33.7% reduction in sales taking the estimated 2024 market share to 5.2%.  Honda globally has seen a 9% reduction over all with a 32% reduction in the asian rim leaving them with a 2024 estimated 5.4% market share. Mitsubishi Motors globally has seen a reduction year over year of a 10.7% drop leaving them with a 2024 estimated market share of 4.6%. All three auto companies lag the industry in technology connected auto's, feature / functions and especially EVs. All three companies have seen their profits turn into negative earnings for their respective companies leaving them with no real ability to perform R&D in building EVs to compete in China or the U.S. let alone Europe that has mandates in place for the end of ICE by 2035. End result is it looks like for these companies to survive, merging into one company that shares platforms and technology especially in the software and battery sectors will be the only way to move forward. View full article
    • I think I'm dreaming ... this vehicle would be the oldest of my handful of favorite "blast from the past" cars. A Cutlass Salon coupe in perfect condition, the first year I liked the colonnade Cutlass (and it's last year, of 3, with round headlamps in the colonnade), those huge bucket seats, and, oddly, A/C is there, but with manual windows.  It featured the new but not as popular 260 (4.3L) V8.  It also featured the light enamel blue they didn't repeat.  If the exhaust system is tight, this car will be whisper quiet. 1975 Oldsmobile Cutlass Salon (Numbers Matching Drivetrain) for sale: photos, technical specifications, description See anything odd?  Come on.  Quick. . . . It has Buick rally wheels instead of Oldsmobile rally wheels. * sigh ... I wonder what time frame this ad goes back to *
    • She was on the BBC    Oh..stop that!!!  The British Broadcasting Corporation is what I meant and she had fame.   He had fame and that means both were meant to be at that fame crossroad.  https://www.bbc.co.uk/programmes/p03g4wl6 You guys have a dirty mind    Maybe that song of his, super freakay, was a reference to her  
    • She can afford it ... whatever that may be.  Money talks and bullshit walks, as they say.
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