Cadillac is again on a mission. After the success of the XT5 crossover that sold more than 5,000 examples this past March, the automaker now plans to build four brand new crossovers and four new sedans by 2022.
According to a report from Automobile Magazine, CEO, Johan de Nysschen said that he hopes to boost volume well above the 308,000 vehicles sold last year alone by focusing on auto markets like China. They are also planning to invest more than $800 million in its United States retail by 2020, and that will include a total of eight brand new models.
The brand new models will starts from a BMW X1-sized SUV, likely the XT1 or XT2- to a much bigger flagship sedan, which is due in 2021. So in between, everyone will see an XT4 that will rival the BMW X3, a 2nd generation XT5 that will take on the BMW X5, an XT7 to take on the BMW X7, and three brand new sedans, which will include the much-awaited CTS replacement.
In addition, Automobile also wrote about Cadillac's plan to introduce the eight new crossovers and sedans. An expert from the reports suggests; "On the product side, with the sedan market that used to be Cadillac's stronghold in freefall, the brand urgently needs more crossovers. The highly profitable, truck-based Escalade will continue as a body-on-frame vehicle, though it's rumored to be getting an independent rear suspension and more powerful engines, including a supercharged V-8. However, Cadillac's other upcoming SUV offerings will be lighter, more efficient, and more dynamic."
Meanwhile, together with a range of brand new crossovers and sedans, the automaker will also push for more efficient cars and crossovers including more EVs. Cadillac previously said that the beautiful Escala concept, which made its world debut a few months back, would act as the automaker's range-topping vehicle. The price tag on the Escala concept could be around $250,000.