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Although the launch of the Cadillac CTS production in Australia was highly expected, General Motors announced about the indefinite delay due to many serious reasons. The company’s chairman thinks the automaker has invested a lot of money in the car production in Australia and the present situation in the world would not be the best influence on the right Cadillac presentation at the market.
The head of GM Holden says the main reasons why the luxury car cannot be launched at the country are global financial crisis, challenging market conditions and constantly changing exchange rate. So, instead of being introduces to the customers later this year, Cadillac CTS will have to wait for its turn for an indefinite period of time.
The 2009 Cadillac CTS was first introduced at the 2008 Detroit Auto Show. It is built on the rear-wheel-drive Sigma platform with the supercharged V8 engine that produces 556 horsepower and 551 pound-feet of torque. It has a choice of automatic or manual six-speed transmission.
Sport wagons got popular in Europe lately and Cadillac decided to expand its sales there by creating CTS Sport Wagon.
News that will come as a welcome fillip for the team at General Motors: Cadillac's new CTS has landed in Japan and has been earning rave reviews after the first media drives.
Daimler AG has announced that is sold 5.34% of the stake in Tata Motors. The German company has raised more than $400 million for the shares it did not want to hold any more.
BYD is the Chinese battery and EV specialist which has recently decided to form a joint venture with the German Daimler AG. Although the companies are going to work together on many projects, Chinese media has announced that BYD is not planning to share its core technology on lithium-ion batteries and EV systems with the partner.
In the last weeks almost every American has heard and discussed the problem of Toyota vehicles that have to be recalled because of “unintended acceleration”. The Japanese manufacturer is suffering losses in sales and reputation of a company that builds safest cars, but there are many questions to be answered about this whole deal.