Do you think General Motors will be successful against Tesla at executing its Cadillac EV strategy, or are they only making their existing array of challenges even worse? Be sure to watch: • ExxonMobil is TERRIFIED of Tesla (Collapse is Coming): ruclips.net/video/KI8sjelveX0/видео.html • The REAL Reason Tesla is Developing the Cybertruck: ruclips.net/video/ENjq3bH-8WM/видео.html Visit our website themarketisopen.com for instant stock quotes and free financial data
One thing to reflect over is that GM, Ford and Chrysler has totally failed to export cars for decades. They survive because they make huge trucks and SUV's but cannot sell a sedan or hatchback abroad and increasingly they cannot sell a normal family car in the US. That market is owned by Toyota and Honda. There is no doubt in my mind that all of them will go bankrupt.
GM and EV! Are you kidding! Sure , if they survive the crash of legacy automakers that is coming, then they can make a few hundred expensive luxury cars that a few lazy rich people will buy . But they will have compitition there too - because all the survivors will be doing the same thing! You see, by the time Tesla is done, the whole concept of transportation would have changed completely! There won't be any need to buy cars anymore and self-driving cars with no steering wheels or pedals, all owned directly by Tesla themselves, will be available from a mobile phone app at any time any place for less than the cost of a bus ticket!!
With a huge caveat: pretty much all POTUS in office side with unions regardless of party. Top that off with the Biden cabinet's ever increasing admonishments of GM and it becomes less likely.
Over the past 20 years Cadillac sedans were downsized and much of the luxury removed. It doesn’t have cache of yesteryear. GM has a major uphill battle to restore Cadillac’s premium brand.
GM has a plan. That plan is to sell as few EVs as possible while still pretending to be trying. Mary Barra will stretch this out as long as she can collect her salary.
Nope. It was never going to ever have the mass appeal. Even VW has better mass appeal with the ID3 and ID4. GM never made a profitable because the BOLT was never designed to be profitable or scale. They suck and making cars.
I believe GM is doing what they do best, distracting customers with horns, whistles and bells. They are also ignoring what the market wants, an affordable BEV with state of the art software at its heart. Their new motto spells it out, “If at first you can’t compete, distract with shiny objects.”
No. See Bolt introduced 7 YEARS AGO. First sub $35k, 250 mile range EV to market beating Tesla by a year. You have GMDS, aka General Motors Derangement Syndrome. Snap out of it!
Maybe GM can ask MBUSA how those sales in the $100K+ range are working out! Heck even Telsa doesn't sell a lot of S and X models because of the costs. GM team meeting: "Lets see how many batteries we can put into a single car! No, lets do it in many models!" We can waste as many batteries we can in each car. 🤦♂🤷♂
Except, Lucid sees it's driving off the cliff with overpriced and low selling cars with big losses. It's funny how much the EV media ignores the sales numbers and lushes over this soon to be bankrupt EV companies. Rivian is in sad shape. It's easy to google sales and losses each quarter. It's gonna be an EV blood bath. As many people do not want EVs and will stick with gas for decades to come.
@@BjorckBengt I can only speak to their goals, not their methods. I just wish they would have stuck with what they were doing with their V-series sedans. They really got those dialed in.
Which is complete dead end….what Bentley, Rolls Royce or Maybach customer is going to buy a GM product? None, that’s what…they have no track record or pedigree in the top end market so again…distraction techniques rather than a real strategy!
@@dougm659American cars have never been popular outside U.S and it’s nearby export partners and the UK/Aus. Cadillacs are too big and expensive to keep fueled in places like Europe/Asia. Exception is China though. They seem to LOVE General Motors.
@dougm659 you don't create pedigree by not trying, otherwise there was no need for the Hyundai Kia group to make the Genesis, seems like a losing mindset which would have prevented the creation of Tesla had they gone with your advice
GM has lost it's mind. Never going to make it this way. Wasting their time and believe me time is of the essence because if they don't get their s..t together soon, they might as well kiss their ass good bye.
I think that all Tesla has to do is carry out its plans across all markets and disciplines and ignore the competition, if you could call it that. The problem with incumbents is that that they encumbered with decades of thinking and planning that does nothing to help them for the future of transport. If I was the CEO of any legacy OEM, I’d have funded a start up and head it up with someone who understands and appreciates what this future looks like and make sure they have no financial interests in the parent company.
Yes. Incumbents also have BILLIONS of dollars tied up in legacy machinery that does nothing but build internal combustion engines -- and are dealing with long-term debt service on that. I think that's a big reason Toyota was resistant to a switch to EVs -- since they haven't actually planned a transition to EVs, they have a massive ICE debt service anchor tied around their necks. This is what happens when you live in the ICE past and have ZERO vision for the future.
GM is a textbook example of managed failure. They moved too slow in the ICE market for decades, and planned placement fanfare will get you so far in the way they moved in the EV market. Their financials are unsustainable longterm, and that's not facturing in the UAW death sentence.
A $340k GM? Bwahahahahahahahaha. I swore off GMs in the '70s. The more I look at the Celestique, the more it reminds me of a simple Dodge Charger station wagon.
GM could be on a sinking ship. They should focus on the everyday consumer. And scale up from there instead of making this and only a few 100. Of these cars This doesn't sound like a great idea.
I understand why it's problematic that they don't have large-scale production targets yet, but I think it makes sense that they are targeting a very small niche that may give them leverage in the EV market: ultra-luxury vehicles. Although there are probably similar offerings on the market or coming out soon, I haven't heard of any yet, so this could give GM a foothold that will allow them to grow their market share. That being said, everything's up in the air when it comes to EV's, it will be interesting to see what develops and if this plan works for GM.
Most legay auto are drifting toward high end high profit low volume. Mercedes and BMW have stated this. It is a very risky strategy. The lowest price base model front wheel drive petrol model 1 series BMW starts at a whopping £28,000 - that's not cheap
Watching GM rn is like watching someone flail as they're drowning. A lot of panicked effort, but totally ineffective, and they know in the end it will be pointless.
The Cadillac Celestiq is no prize! Selling for $340K supposedly “hand made? Or hand crafted?” The Cadillac Celestiq is a poor excuse for a Cadillac! Does it have a frunk? The Cadillac Lyriq doesn’t! However it’s a great looking Jensen Interceptor! A British hand made car with an American V8 engine!
I've been driving since the 70s and have owned many new cars through the years, both import and domestic. I purchased a 2023 Bolt EUV with the premier package a few months ago as my first EV after considering and test driving other offerings including the Tesla model Y (very nice car). The Bolt has been an excellent car with outstanding range (well over 260 miles if not driving like a maniac), saves me 3/4 of my previous fuel cost, is quiet, solid ride and all the bells and whistles you could ask for. I'm glad they have decided to bring it back now that the LG battery fiasco is (hopefully) in the rear view mirror. Based on my experience so far, I will definitely consider GM for my next EV, but it will need to be priced reasonably and fit easily in my garage. If they can't scale up and make a family friendly priced EV for the masses, nothing else will matter.
The new Bolt may be nothing like the old. Legacy automakers like to recycle product names. Blazer, Mustang, Hummer, Maverick... The reason that GM is discontinuing the Bolt is that it is not profitable to build.
After purchasing 2 Teslas and MB EVs, I now need to lease a low cost business car. Chevy Bolt EUV may fit my needs perfectly, especially with incentives.
Your Bolt lacks Fast Charging, making over the road trips beyond that 300 mile range difficult and real slow! That is where the Tesla you passed over excels. Your Bolt is a local loop car only.
I live in central FL and take round trips to the southeast coast to Melbourne Beach, about twice a month (220 mile round trip). I haven't used a fast charge station yet as I can charge with my level 2 charger at home. Otherwise I use it locally. I do own an ICE car that we can use on the occasional road trip if needed. At this point, I feel comfortable having one of each, an ICE and an EV. @@DishNetworkDealerNEO
Mark my words -- GM and Ford will, out of desperation to stay afloat, do what VW is trying: team up with a Chinese manufacturer. I can see GM cutting a deal with BYD to get around the fact that since they killed the EV1, they have mostly ignored the inevitable future where they need to build EVs. BYD is still not as efficient as Tesla but light-years ahead of GM, and utterly ridiculous hand-built distractions like the Celestiq will do nothing for GM. They need to build and sell millions of vehicles, not a few hundred.
Wait till China invades Taiwan, there might be a major supply chain issue. Or wait for the next China Covid - Part 2 comes. GM and Ford should buy batteries from Tesla or license the tech. Tesla is willing to license their tech like their better charger tech.
I think the real problem is in most manufacturers is their business planing and forecasting department. If the stock piles of models are as the media inform us how does this get through management. The next department who is not performing is research and marketing.
The high priced, hand built Tesla Roadster was born into a cutting edge EV time, that does not exist now. There will be snooty people who will buy the hand build Cadillac. But they will be demanding and unforgiving of anything less than perfect, as they should be with the easy choices competing with the Luxury Boat of an EV that will not have a large population of sisters, meaning used parts will be rare in the case of an accident, so expect high Insurance premiums on this obnoxiously extravagant vehicle!!
GM is a dumpster fire. They failed to honor their warranty and the dealership didn't fix my Volt. What a loser. No respect or effort to keep the customer. I can't see how they will ever survive. They gave me salvage value for my EV after my battery failed, after they fixed it!
They are completely lost, all the old automaker's started loosing it back in late70s, they are now in my opinion a lost cause an deserve what they've got, an good ridens, we should be better off without them. Gone are the great years for them
For people with millions of dollars, a $300K Celestiq is an impulse purchase. I think Cadillac could easily sell 1,000 such high end cars. It's an entirely different world, and harkens back to the 50s-60s era when Cadillac was truly a great luxury car company. That said... they are going to need a mass market offering. Discontinuing the excellent Bolt was a strange move. I don't think Mary Barra is the right person to run GM; you need a car guy, someone who knows and loves cars. And yes I did say "guy".
I agree with most of what you are saying in this video, except the software piece. I believe GM will not even attempt to write softwate that takes advantage of the entirety of these screens and, instead, write some basic funtionality which will look ok and not be very useful - and leverage Apple’s CarPlay for making full use of the real estate. Not very forward-looking from GM to cede the brains and hence the biggest potential money maker in their cars to another company, but they don’t really have the choice.
A lucid snapshot (pun intended) of a doomed empire. Painful to watch this avoidable slow motion train wreck. An epic lesson in corporate complacency and corruption. RIP Government Motors.
They are selling vehicles to folks that already have a Mercedes or Tesla EV. The average person works for someone else that doesn't pay 200 thousand a year.
ROLLS ROYCE TERRITORY Why would someone spending this sort of money buy a Cadillac as opposed to a Rolls Royce? There is currently the electric Rolls Royce Spectre coupe, wait for an electric Rolls Royce saloon, or just get a unique Rolls Royce hand crafted petrol saloon for now. When it comes to customer requested unique hand crafted bespoke car creation Rolls Royce have much more continuous experience than Cadillac. Want the interior roof speckled with real diamonds? Rolls Royce have done that.
I see you're being hard headed. General motors is not doing a cadillac EV. We're doing the all new 1955 cadillac 2 door Fleetwood. The cadillac 425 engine fuel injected with 17 inch rims. 245/50r17 sport tires. The transmission will be an 8 speed with a 3 inch driveshaft. Stop spending unnecessary money. The exhaust will be 2"1/2" diameter. You're feeding the public lies EV producer mind guy. Go Sam Houston.
So gold plating? They could also use very safe batteries regardless of expense. If they do this right it could be the car for very rich snooty people but it needs to have few problems or they need to be easily fixed even if at high cost. Just imagine a car built with comfort in mind and bleeding edge entertainment options and other tech that needs maintenance but is widely envied. They get a halo product that need regular servicing to keep the dealers happy and a price lable for rich people to be snooty about.
“Do you think GM will be successful at executing its strategy?” Not a fucking chance. GM has a better chance at going bankrupt than it does at making a compelling EV for the mass market.
GM have clearly made some serious miscalculations with all of their current vehicles . Cadillac is not a luxury brand in Europe neither is it a brand many of us would want or indeed choose vrs Rolls , Range Rover , Porsche , Tesla etc . Personally so called “ legacy “ car makers seem to be at most risk of becoming extinct- Ford , esp GM are seemingly struggling to get their total package right .
GM has been choosing leadership based on factors other than qualifications for many years and its shows. New federal mileage regulations will kill the few remaining profitable vehicles it makes, large SUV’s and trucks.
I agree with you I think the vehicle that's going to flop is the Celestiq I think the Escalade IQ is going to take customers away from the celestic due to the fact that the Escalade is very large has a lot of room in it its SUV SUVs do better than sedans only thing I might say this electric is hand-built and you can personalize it in any way you want in every way that's it
Cadillac needs to be far more expensive. My grandparents lament the price of Cadillac. They do not like the idea of Cadillac being priced at a point they allows poor people to buy the brand.
I really would love to have an EV but t travel alot and when you travel, it is very important to keep in mind that range and the ability to keep moving is key. Sorry but EVs just doesn't provide you with any of these things.
Tesla with 300 plus miles range and a charging network that you can drive coast to coast in the USA and you still have range anxiety about EVs? .......well.....have a nice day....
Surely GM management knows they cannot compete in the mass EV space. It's too late for that. Their strategy is to take a place in the exclusive electric vehicle market with an emphasis on 'exclusivity'. Sadly, their concept of exclusive luxury is outdated. No vehicle will be seen as luxurious if it isn't, among other amenities, a personal chauffeur. A $340,000 hand-built Celestiq that you have to drive yourself is not going to complete in the high-high end auto market of the future. Mary needs to meet with Musk to discuss licensing Tesla's FSD. The longer she waits, the less time GM will have to pull off their "Rolex" strategy.
Great Video yet again. As impressive as these vehicle appear, GM has allowed their complacency to derail their plans to truly address their Total Addressable Market. GM simple can’t afford (financially and currently) to devote so many resources into such expensive projects. I do hope they focus more on the Bolt that has a shot, in an improved version, to sell hundreds of thousands while addressing the needs of the typical GM customer.
Big cars and trucks make money. Small cars very little. How many subcompacts do you see sell and how much profit does it add to the bottom line. If it wasn't for the Ford - F-150, they would be bankrupt now with 4.5 Billion EV loss this year.
Tesla is excellent, but the US cannot have just 1 successful eV company. This market just needs for style choices, more variety in price ranges etc etc
@@TheEvilmooseofdoom The problem is they all have an ICE legacy production line, old habits, unions, exorbitant wages, and decades old pension liabilities ... They just cannot compete with Tesla.
GM are a unionized public-shareholder-driven 100-year-established culture. Very difficult for Mary Barra to make the necessary changes to compete with Tesla.
Those large panoramic screens also consume more power, generate more heat and often require more AC power to offset that heat. No wonder GM killed the electric car.
Have you felt your LED HDTV screen? They don't take alot of power or give off heat unlike the early Plasma HDTVs. Like LED lights, they are low power and heat vs old lighting solutions now banned from Brandon.
And lose thousands (tens of thousands?) of dollars on every EV they send out the door. When you lose money on every transaction it's hard to make up for it with volume.
@@brotherdaveseattle2791 You forgot Tesla's stock has kicked everyones ass - allowing them to lose money. Nov 22, 2022 - If it stands, Rivian would lose $700 million of a $1.5 billion package of incentives to build the facility (Trubey, 2022).
GM's strategy is a bailout. Too big to fail must be allowed to fail. The little that is left of worth can be rolled into a bailed out Ford. In addition the UAW shares in the blame so they need to split in two unions, one for Selantis and the other for the Ford/GM merger. The dealerships can go.
You forgot about Lyric, Blazer, Equinox, and full size EV trucks. AGAIN, GM will field multiple models based on ONE scalable platform. Youre belly aching over flagship models... Every big OEM has them. Your argument is weak.
@@TheEvilmooseofdoom Agreed, but let's not forget all teething pains and Production Hell that Tesla went through. Designing and producing EVs at scale is very hard. Just as Elon.
@@brotherdaveseattle2791 But even then they were out producing and selling GM in terms of BEV's. GM has the ability, but so far execution has been their flaw.
These new products will not be affordable by a single UAW member -- how tone deaf can a company be during live-or-die negotiations. One battery fire in an Escalade or Celestiq and its game over for GM.
Do you think General Motors will be successful against Tesla at executing its Cadillac EV strategy, or are they only making their existing array of challenges even worse? Be sure to watch:
• ExxonMobil is TERRIFIED of Tesla (Collapse is Coming): ruclips.net/video/KI8sjelveX0/видео.html
• The REAL Reason Tesla is Developing the Cybertruck: ruclips.net/video/ENjq3bH-8WM/видео.html
Visit our website themarketisopen.com for instant stock quotes and free financial data
One thing to reflect over is that GM, Ford and Chrysler has totally failed to export cars for decades. They survive because they make huge trucks and SUV's but cannot sell a sedan or hatchback abroad and increasingly they cannot sell a normal family car in the US. That market is owned by Toyota and Honda. There is no doubt in my mind that all of them will go bankrupt.
GM and EV! Are you kidding! Sure , if they survive the crash of legacy automakers that is coming, then they can make a few hundred expensive luxury cars that a few lazy rich people will buy . But they will have compitition there too - because all the survivors will be doing the same thing! You see, by the time Tesla is done, the whole concept of transportation would have changed completely! There won't be any need to buy cars anymore and self-driving cars with no steering wheels or pedals, all owned directly by Tesla themselves, will be available from a mobile phone app at any time any place for less than the cost of a bus ticket!!
Tesla is losing everywhere!
Is COP, CVX, BP, or Shell terrified also? I doubt any of them are.
@@brunoheggli2888WHAT are you talking about?
I wouldn't buy any GM product, after owning several, especially EVs!!
The shot callers at gm know exactly what they are doing, setting the stage for another government bailout.
With a huge caveat: pretty much all POTUS in office side with unions regardless of party. Top that off with the Biden cabinet's ever increasing admonishments of GM and it becomes less likely.
Over the past 20 years Cadillac sedans were downsized and much of the luxury removed. It doesn’t have cache of yesteryear. GM has a major uphill battle to restore Cadillac’s premium brand.
The valley of death sure has some strange mirages.
NOOOOOOOOOOO! This is an inflection point for GM and Mary Barra is blowing it.
GM has a plan. That plan is to sell as few EVs as possible while still pretending to be trying. Mary Barra will stretch this out as long as she can collect her salary.
Barra is an absolute idiot with a political twist. NEVER believe any of GM'S bullshit propaganda.
You did it Mary you could become the DJT of the automobile world!
Dinosaurs,Horse and cart,Dodo,Moa,Kodak,blackberry ,EV1,GM 😳
As well as Pet Rocks 😋😊🤣
The GM Bolt could have been a world car. But GM didn't support it.
Nope. It was never going to ever have the mass appeal. Even VW has better mass appeal with the ID3 and ID4.
GM never made a profitable because the BOLT was never designed to be profitable or scale. They suck and making cars.
They didn’t support it…. Because they were losing tons of money every time they sold one.
I believe GM is doing what they do best, distracting customers with horns, whistles and bells. They are also ignoring what the market wants, an affordable BEV with state of the art software at its heart. Their new motto spells it out, “If at first you can’t compete, distract with shiny objects.”
No. See Bolt introduced 7 YEARS AGO. First sub $35k, 250 mile range EV to market beating Tesla by a year. You have GMDS, aka General Motors Derangement Syndrome. Snap out of it!
If the Bolt was out 1 year prior to the Tesla Mosdel 3, how come they did not succeed at selling more Bolt?@@brotherdaveseattle2791
Maybe GM can ask MBUSA how those sales in the $100K+ range are working out! Heck even Telsa doesn't sell a lot of S and X models because of the costs.
GM team meeting: "Lets see how many batteries we can put into a single car! No, lets do it in many models!" We can waste as many batteries we can in each car. 🤦♂🤷♂
You did it Mary.
What a joke. GM is going out of business before 2030!
All legacy ICE automakers are DOOMED and will go bankrupt before december 2028 😎👍
GM is copying Lucid, all the way to the bottom.
Except, Lucid sees it's driving off the cliff with overpriced and low selling cars with big losses. It's funny how much the EV media ignores the sales numbers and lushes over this soon to be bankrupt EV companies. Rivian is in sad shape. It's easy to google sales and losses each quarter. It's gonna be an EV blood bath. As many people do not want EVs and will stick with gas for decades to come.
All UAW shops are screwed.
GM isnt going after Tesla customers with Cadillac. They're going for Maybach and Bentley customers. They said so a year or two ago.
So they target selling a few hundred cars?
@@BjorckBengt I can only speak to their goals, not their methods. I just wish they would have stuck with what they were doing with their V-series sedans. They really got those dialed in.
Which is complete dead end….what Bentley, Rolls Royce or Maybach customer is going to buy a GM product? None, that’s what…they have no track record or pedigree in the top end market so again…distraction techniques rather than a real strategy!
@@dougm659American cars have never been popular outside U.S and it’s nearby export partners and the UK/Aus. Cadillacs are too big and expensive to keep fueled in places like Europe/Asia. Exception is China though. They seem to LOVE General Motors.
@dougm659 you don't create pedigree by not trying, otherwise there was no need for the Hyundai Kia group to make the Genesis, seems like a losing mindset which would have prevented the creation of Tesla had they gone with your advice
Over/Under on how many they actually sell? I'm guessing 12!
ya just 10-15
Cadillac is essentially making the homer-mobile.
Very good!!
GM has lost it's mind. Never going to make it this way. Wasting their time and believe me time is of the essence because if they don't get their s..t together soon, they might as well kiss their ass good bye.
GM is setting itself up for Duesenberg-type failure.
😆👍
GM another distraction car same as the Hummer.
I think that all Tesla has to do is carry out its plans across all markets and disciplines and ignore the competition, if you could call it that. The problem with incumbents is that that they encumbered with decades of thinking and planning that does nothing to help them for the future of transport. If I was the CEO of any legacy OEM, I’d have funded a start up and head it up with someone who understands and appreciates what this future looks like and make sure they have no financial interests in the parent company.
Winners (Tesla) focus on winning. Losers (Legacy automakers) focus on the winners.
Yes. Incumbents also have BILLIONS of dollars tied up in legacy machinery that does nothing but build internal combustion engines -- and are dealing with long-term debt service on that. I think that's a big reason Toyota was resistant to a switch to EVs -- since they haven't actually planned a transition to EVs, they have a massive ICE debt service anchor tied around their necks.
This is what happens when you live in the ICE past and have ZERO vision for the future.
Agreed 100%. Tesla has a roadmap. Just follow them. You can't leapfrog innovation if you can't get the basics right.
@@DblOSmith Yes, but every other auto manufacturer is a dozen years behind Tesla now.
@@gordongekko4752 brilliant !
GM's Ultium platform is really considered "somewhat dated"
According to some RUclips presenters ✌️
Government Motors is out of touch with reality…
Yea you lead Mary
Comparing GM software to Teslas is like comparing an early version of a buggy Blackberry with the latest iPhone. GMs strategy screams of desperation.
Marrisa Mayer: "No one will ever be able to run a massive brand down faster than I did!"
Mary Bara: "Are you sure of that? Hold my Corvette..."
What a joke
No wonder the Warren Buffet sold 40% of the GM stock!
GM is a textbook example of managed failure. They moved too slow in the ICE market for decades, and planned placement fanfare will get you so far in the way they moved in the EV market. Their financials are unsustainable longterm, and that's not facturing in the UAW death sentence.
Click bait title too
As someone said, "complexity appeals to stupid people."
A $340k GM? Bwahahahahahahahaha. I swore off GMs in the '70s. The more I look at the Celestique, the more it reminds me of a simple Dodge Charger station wagon.
GM could be on a sinking ship. They should focus on the everyday consumer.
And scale up from there instead of making this and only a few 100. Of these cars This doesn't sound like a great idea.
I understand why it's problematic that they don't have large-scale production targets yet, but I think it makes sense that they are targeting a very small niche that may give them leverage in the EV market: ultra-luxury vehicles.
Although there are probably similar offerings on the market or coming out soon, I haven't heard of any yet, so this could give GM a foothold that will allow them to grow their market share.
That being said, everything's up in the air when it comes to EV's, it will be interesting to see what develops and if this plan works for GM.
↗️⤴️⬅️⤴️⤵️⬆️↩️↖️
The directions that GM has gone with EV since the EV1 was produced.
THÔNG TIN RẤT HỮU ÍCH, XIN CẢM ƠN!
Inevitably, GM will screw their supply chain.
It will collapse.
Most legay auto are drifting toward high end high profit low volume. Mercedes and BMW have stated this. It is a very risky strategy. The lowest price base model front wheel drive petrol model 1 series BMW starts at a whopping £28,000 - that's not cheap
I'm hoping that GM will not need Another Bailout from the US Taxpayer . . . .
Watching GM rn is like watching someone flail as they're drowning. A lot of panicked effort, but totally ineffective, and they know in the end it will be pointless.
GM is not smart. This is another win for Tesla
The Cadillac Celestiq is no prize! Selling for $340K supposedly “hand made? Or hand crafted?”
The Cadillac Celestiq is a poor excuse for a Cadillac! Does it have a frunk? The Cadillac Lyriq doesn’t! However it’s a great looking Jensen Interceptor! A British hand made car with an American V8 engine!
DOA!
Great info.... Again.... Thank you
I've been driving since the 70s and have owned many new cars through the years, both import and domestic. I purchased a 2023 Bolt EUV with the premier package a few months ago as my first EV after considering and test driving other offerings including the Tesla model Y (very nice car). The Bolt has been an excellent car with outstanding range (well over 260 miles if not driving like a maniac), saves me 3/4 of my previous fuel cost, is quiet, solid ride and all the bells and whistles you could ask for. I'm glad they have decided to bring it back now that the LG battery fiasco is (hopefully) in the rear view mirror. Based on my experience so far, I will definitely consider GM for my next EV, but it will need to be priced reasonably and fit easily in my garage. If they can't scale up and make a family friendly priced EV for the masses, nothing else will matter.
The new Bolt may be nothing like the old. Legacy automakers like to recycle product names. Blazer, Mustang, Hummer, Maverick... The reason that GM is discontinuing the Bolt is that it is not profitable to build.
@@MsAjax409 - Bolt is a horrible name plate with all the battery fires and recalls. Why not bring back the Chevy Vega?
After purchasing 2 Teslas and MB EVs, I now need to lease a low cost business car. Chevy Bolt EUV may fit my needs perfectly, especially with incentives.
Your Bolt lacks Fast Charging, making over the road trips beyond that 300 mile range difficult and real slow! That is where the Tesla you passed over excels. Your Bolt is a local loop car only.
I live in central FL and take round trips to the southeast coast to Melbourne Beach, about twice a month (220 mile round trip). I haven't used a fast charge station yet as I can charge with my level 2 charger at home. Otherwise I use it locally. I do own an ICE car that we can use on the occasional road trip if needed. At this point, I feel comfortable having one of each, an ICE and an EV. @@DishNetworkDealerNEO
Mark my words -- GM and Ford will, out of desperation to stay afloat, do what VW is trying: team up with a Chinese manufacturer. I can see GM cutting a deal with BYD to get around the fact that since they killed the EV1, they have mostly ignored the inevitable future where they need to build EVs. BYD is still not as efficient as Tesla but light-years ahead of GM, and utterly ridiculous hand-built distractions like the Celestiq will do nothing for GM. They need to build and sell millions of vehicles, not a few hundred.
Wait till China invades Taiwan, there might be a major supply chain issue. Or wait for the next China Covid - Part 2 comes. GM and Ford should buy batteries from Tesla or license the tech. Tesla is willing to license their tech like their better charger tech.
DUDE - STOP WASTING YOUR/OUR TIME ON GM - They're soon IRRELEVANT.
One they got rid of all sedans and others can’t afford.
I think the real problem is in most manufacturers is their business planing and forecasting department. If the stock piles of models are as the media inform us how does this get through management. The next department who is not performing is research and marketing.
Join the movement- NO GM BAILOUT !
The high priced, hand built Tesla Roadster was born into a cutting edge EV time, that does not exist now. There will be snooty people who will buy the hand build Cadillac. But they will be demanding and unforgiving of anything less than perfect, as they should be with the easy choices competing with the Luxury Boat of an EV that will not have a large population of sisters, meaning used parts will be rare in the case of an accident, so expect high Insurance premiums on this obnoxiously extravagant vehicle!!
GM has too many 100k EVs lol
GM partners with Google in their vehicles.... No thanks
General Motors is becoming Really Specific Motors 🤣
Not only that, it's damn awkward looking. An exquisite way to announce to the world, "We don't know what we're doing!"
A car with a honey bee hind.
GM has some of the best chassis engineers and some of the worst management. Kind of sad really.
For that money i would NEVER buy a GM car!
GM is a dumpster fire. They failed to honor their warranty and the dealership didn't fix my Volt. What a loser. No respect or effort to keep the customer. I can't see how they will ever survive. They gave me salvage value for my EV after my battery failed, after they fixed it!
They are completely lost, all the old automaker's started loosing it back in late70s, they are now in my opinion a lost cause an deserve what they've got, an good ridens, we should be better off without them. Gone are the great years for them
For people with millions of dollars, a $300K Celestiq is an impulse purchase. I think Cadillac could easily sell 1,000 such high end cars. It's an entirely different world, and harkens back to the 50s-60s era when Cadillac was truly a great luxury car company. That said... they are going to need a mass market offering. Discontinuing the excellent Bolt was a strange move. I don't think Mary Barra is the right person to run GM; you need a car guy, someone who knows and loves cars. And yes I did say "guy".
I agree with most of what you are saying in this video, except the software piece. I believe GM will not even attempt to write softwate that takes advantage of the entirety of these screens and, instead, write some basic funtionality which will look ok and not be very useful - and leverage Apple’s CarPlay for making full use of the real estate. Not very forward-looking from GM to cede the brains and hence the biggest potential money maker in their cars to another company, but they don’t really have the choice.
I agree although I believe they are dumping CarPlay
A lucid snapshot (pun intended) of a doomed empire. Painful to watch this avoidable slow motion train wreck. An epic lesson in corporate complacency and corruption. RIP Government Motors.
Celestiq is in no way a sports car competitor. It’s aimed at the luxury market.
Tesla leader hardware/software
They are selling vehicles to folks that already have a Mercedes or Tesla EV. The average person works for someone else that doesn't pay 200 thousand a year.
Going down the toilet...and it couldn't happen to a more deserving company.
ROLLS ROYCE TERRITORY
Why would someone spending this sort of money buy a Cadillac as opposed to a Rolls Royce?
There is currently the electric Rolls Royce Spectre coupe, wait for an electric Rolls Royce saloon, or just get a unique Rolls Royce hand crafted petrol saloon for now. When it comes to customer requested unique hand crafted bespoke car creation Rolls Royce have much more continuous experience than Cadillac.
Want the interior roof speckled with real diamonds? Rolls Royce have done that.
A Rolls Royce Spectre charged next to my EQS 580 last week. Driver said it sells for $420K. And, the back seat is too small for adults.
That EV will fail.. gm is still so lost.
Wow does that Celestiq look bad... 🤮🤒
Tesla will probably roll out a CYBER-SUV late next year that out specs GM and cost less.
Good luck GM Ford VW BMW Volvo Mercades.
Cus ya gone need lots of it..!
An auto car collapse is close to hand.
Ha ha, it that irony or are you 12 y old?
I see you're being hard headed. General motors is not doing a cadillac EV. We're doing the all new 1955 cadillac 2 door Fleetwood. The cadillac 425 engine fuel injected with 17 inch rims. 245/50r17 sport tires. The transmission will be an 8 speed with a 3 inch driveshaft. Stop spending unnecessary money. The exhaust will be 2"1/2" diameter. You're feeding the public lies EV producer mind guy. Go Sam Houston.
So gold plating? They could also use very safe batteries regardless of expense. If they do this right it could be the car for very rich snooty people but it needs to have few problems or they need to be easily fixed even if at high cost. Just imagine a car built with comfort in mind and bleeding edge entertainment options and other tech that needs maintenance but is widely envied. They get a halo product that need regular servicing to keep the dealers happy and a price lable for rich people to be snooty about.
If anyone buys it
“Do you think GM will be successful at executing its strategy?”
Not a fucking chance. GM has a better chance at going bankrupt than it does at making a compelling EV for the mass market.
very well put 💪🏼 go Tesla ⚡️🔋
Any relation to Debbie Downer?
Tesla only company FOTA and SOFA updates
Tesla is a discount mass marketer of electric vehicles.
non sense useless show boat no one will want this
the only this appealing is the name.
GM have clearly made some serious miscalculations with all of their current vehicles . Cadillac is not a luxury brand in Europe neither is it a brand many of us would want or indeed choose vrs Rolls , Range Rover , Porsche , Tesla etc . Personally so called “ legacy “ car makers seem to be at most risk of becoming extinct- Ford , esp GM are seemingly struggling to get their total package right .
gm to sell cars without wheels and batteries
very safe
GM has been choosing leadership based on factors other than qualifications for many years and its shows. New federal mileage regulations will kill the few remaining profitable vehicles it makes, large SUV’s and trucks.
Refurbished. Not new. Change your heading.
It appears GM is behaving much like the dinosaurs did after the asteroid hit. Sad, but predicted.
flawed analysis
They Want to go bankrupt.
I agree with you I think the vehicle that's going to flop is the Celestiq I think the Escalade IQ is going to take customers away from the celestic due to the fact that the Escalade is very large has a lot of room in it its SUV SUVs do better than sedans only thing I might say this electric is hand-built and you can personalize it in any way you want in every way that's it
Cadillac needs to be far more expensive. My grandparents lament the price of Cadillac. They do not like the idea of Cadillac being priced at a point they allows poor people to buy the brand.
Sarcasm!!??
Even if I was rich, I would not buy a Cadillac. Lucid have a more luxurious compelling EV!
I really would love to have an EV but t travel alot and when you travel, it is very important to keep in mind that range and the ability to keep moving is key. Sorry but EVs just doesn't provide you with any of these things.
Tesla with 300 plus miles range and a charging network that you can drive coast to coast in the USA and you still have range anxiety about EVs? .......well.....have a nice day....
Harley business model
Surely GM management knows they cannot compete in the mass EV space. It's too late for that. Their strategy is to take a place in the exclusive electric vehicle market with an emphasis on 'exclusivity'. Sadly, their concept of exclusive luxury is outdated. No vehicle will be seen as luxurious if it isn't, among other amenities, a personal chauffeur. A $340,000 hand-built Celestiq that you have to drive yourself is not going to complete in the high-high end auto market of the future. Mary needs to meet with Musk to discuss licensing Tesla's FSD. The longer she waits, the less time GM will have to pull off their "Rolex" strategy.
More like GM's 'Rolodex' strategy. ;-)
Great Video yet again. As impressive as these vehicle appear, GM has allowed their complacency to derail their plans to truly address their Total Addressable Market. GM simple can’t afford (financially and currently) to devote so many resources into such expensive projects. I do hope they focus more on the Bolt that has a shot, in an improved version, to sell hundreds of thousands while addressing the needs of the typical GM customer.
No, their dominance of full size ICE trucks and SUVs will fund EV R&D
Big cars and trucks make money. Small cars very little. How many subcompacts do you see sell and how much profit does it add to the bottom line. If it wasn't for the Ford - F-150, they would be bankrupt now with 4.5 Billion EV loss this year.
Tesla is excellent, but the US cannot have just 1 successful eV company. This market just needs for style choices, more variety in price ranges etc etc
Yes, that is so true. The problem is in how the others are executing.
@@TheEvilmooseofdoom The problem is they all have an ICE legacy production line, old habits, unions, exorbitant wages, and decades old pension liabilities ... They just cannot compete with Tesla.
It seems that GM is betting their success or failure on another government bailout.
GM are a unionized public-shareholder-driven 100-year-established culture. Very difficult for Mary Barra to make the necessary changes to compete with Tesla.
gm should have made Saturn the electric car company rather than spreading themselves thin.
Those large panoramic screens also consume more power, generate more heat and often require more AC power to offset that heat. No wonder GM killed the electric car.
Have you felt your LED HDTV screen? They don't take alot of power or give off heat unlike the early Plasma HDTVs. Like LED lights, they are low power and heat vs old lighting solutions now banned from Brandon.
GM is a full range manufacturer. They will have many models in different segments
And lose thousands (tens of thousands?) of dollars on every EV they send out the door. When you lose money on every transaction it's hard to make up for it with volume.
@@douglasburnside Tesla lost money for years. You forgot about that
@@brotherdaveseattle2791 You forgot Tesla's stock has kicked everyones ass - allowing them to lose money.
Nov 22, 2022 - If it stands, Rivian would lose $700 million of a $1.5 billion package of incentives to build the facility (Trubey, 2022).
1 model per Segment!
Yes but they started from a clean slate. GM is 10 years behind Tesla & counting.@@brotherdaveseattle2791
GM's strategy is a bailout. Too big to fail must be allowed to fail. The little that is left of worth can be rolled into a bailed out Ford. In addition the UAW shares in the blame so they need to split in two unions, one for Selantis and the other for the Ford/GM merger. The dealerships can go.
You forgot about Lyric, Blazer, Equinox, and full size EV trucks. AGAIN, GM will field multiple models based on ONE scalable platform. Youre belly aching over flagship models... Every big OEM has them. Your argument is weak.
Well, lets see if they can execute then! So far it's been a little lack luster.
@@TheEvilmooseofdoom Agreed, but let's not forget all teething pains and Production Hell that Tesla went through. Designing and producing EVs at scale is very hard. Just as Elon.
@@brotherdaveseattle2791 But even then they were out producing and selling GM in terms of BEV's. GM has the ability, but so far execution has been their flaw.
These new products will not be affordable by a single UAW member -- how tone deaf can a company be during live-or-die negotiations. One battery fire in an Escalade or Celestiq and its game over for GM.