From Detroit Free Press interview with Bob Lutz. Not sure what it means for Velite. Any interpretations?
Q: Does each of GM's brands need a flag-in-the-ground car to define it like the Solstice does Pontiac?
A: Arguably yes. We've got all kinds of great ideas for things we can do with iconic Hummers without getting bigger and bigger.
Cadillac is a no-brainer. Someday we're going to do -- it's definitely in the product plan, but not kicked off yet -- we will do an ultra-luxury sedan involving an engine of more than eight cylinders and costing far more than any Cadillac has ever cost before, but not going into the $300,000 area. As Maybach has proved to our satisfaction, nobody buys those. There aren't enough un-intelligent billionaires around. The world is running out of stupid billionaires.
An iconic Chevrolet we have with the Corvette. We can probably go a step beyond Corvette and do the killer all-out performance car that embarrasses the $500,000 and million-dollar performance cars.
For Saturn, it will be the Sky roadster.
Buick we haven't quite figured out yet. We've got to come up with something there.
You know the (Buick) Velite concept -- we just have not identified the necessary capital and engineering resources for it yet.