Cadillac to develop new flagship model

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Cadillac, a subsidiary of General Motors Corporation (NYSE: GM), is planning to develop a new flagship model to compete with vehicles such as the Mercedes-Benz S-Class and BMW 7-Series, according to Cadillac head, Robert Ferguson.

Ferguson has not revealed when the vehicle will be launched. He also stated that the automaker is planning to develop a new two-seat sports car.

Ferguson said, ‘We’re going to work really hard to make Cadillac distinctive. We want the consumer to know from incubation to delivery, from initial design through customer care, this is about American luxury.’

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