General Motors gave strong 2019 guidance Friday morning and said it would use its Cadillac brand to take on Tesla in the electric-vehicle market.
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GM is defying naysayers with a bullish 2019 outlook, plans to take on Tesla with CadillacAt its Capital Markets Day in New York, GM predicted that auto sales in the US and China could hold up and that its profit outlook will improve.
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Cadillac, Tesla and the Long Road to Cheap Electric VehiclesTesla isn’t the only one struggling to make a cheap electric vehicle: General Motors has decided to hitch its EV strategy to a Cadillac. Mass-market EVs will eventually transform the U.S. auto industry—but not quite yet.
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GM's Cadillac is said to plan to introduce electric vehicle in fight against TeslaCadillac is expected to become General Motors' lead electric vehicle brand as the largest U.S. automaker gears up to introduce a new model under that luxury marquee to challenge Tesla, two people briefed on the matter told Reuters.
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Exclusive: GM's Cadillac will introduce EV in fight against Tesla - sourcesExclusive: GM's Cadillac is expected to become the company's lead electric vehicle brand to challenge Tesla
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Tesla under pressure as Ford, Nissan, GM roll out new competition at Detroit auto showShares of Tesla tumbled as manufacturers from Detroit to Japan unveiled new competition for buyers in the electric carmaker's key market at the Detroit auto show on Monday.
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After laying off 15,000 workers, GM has a message for Wall Street — and TeslaGM's CEO Mary Barra said Friday there would be no layoffs in 2019 — 'based on current market conditions.'
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