Latest news with #CadillacXT6
Globe and Mail
15-04-2025
- Automotive
- Globe and Mail
'Structural Uncertainty' Means Downgrade at Deutsche Bank for GM Stock (NYSE:GM)
Normally, when an analyst takes aim at a stock and does not like its trajectory, that puts a damper on the stock's performance as a whole. But for legacy automaker General Motors (GM), a downgrade at Deutsche Bank did very little to turn GM on its ear. In fact, GM shares surged nearly 4% in Monday afternoon's trading despite the pan. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Deutsche Bank, via analyst Edison Yu, pivoted his recommendation from Buy to Hold, and also cut the price target down substantially as well. The share target price slid from $58 per share to a new target of $43. That is down 1% against the Friday close, reports noted. The biggest reason? 'Structural uncertainty,' reports noted, all stemming from tariffs. If the tariffs turn out to last for years, becoming 'truly permanent,' then GM will run into those structural challenges. Its responses feature two bits of bad news. If GM 'onshores,' bringing production back to the United States, that means higher capital expense (capex) and, of course, lower profit. Pivoting to robotics to save money will send it afoul of the United Auto Workers (UAW) and politicians as well. But incorporating foreign products in its supply chain will leave it a tariff target. Big Cadillac, Heading for the Sunset Meanwhile, if you were hoping to pick up a huge new Cadillac as a daily driver, your chances are in rapid decline. GM is phasing out the Cadillac XT6 later this year, reports note, as it moves to retool the Spring Hill, Tennessee plant which makes them. The XT6, as it turns out, was an under-performing vehicle. That made for an excellent opportunity for GM to pivot Spring Hill to electric vehicles. Reports noted that the XT6—designed as Cadillac's entry in the 'upscale family hauler' business—never really caught on, with fewer than 20,000 units sold annually since 2019, on average. Some might think that five years is not exactly a lot of time for a car to catch on in the market—especially given how much of those five years were spent under pandemic restrictions—but GM was not taking chances. Taking over for the XT6 at Spring Hill, reports note, will be crossover electric vehicles the Vistiq and the Lyriq. Is GM a Good Stock to Buy Now? Turning to Wall Street, analysts have a Moderate Buy consensus rating on GM stock based on nine Buys, four Holds and two Sells assigned in the past three months, as indicated by the graphic below. After a 6.96% rally in its share price over the past year, the average GM price target of $58.10 per share implies 27.97% upside potential. See more GM analyst ratings Disclosure
Yahoo
10-04-2025
- Automotive
- Yahoo
GM to end production of Cadillac XT6 SUV at Tennessee facility in US
General Motors (GM) is planning to suspend the Cadillac XT6 crossover production at its Spring Hill assembly plant in Tennessee, US by the end of this year, reported CNBC. Concurrently, GM confirmed the extension of the smaller gasoline-powered XT5 crossover production at the facility until at least the end of 2026, reported the news agency citing an internal memo sent to plant employees. The XT6, a three-row crossover introduced in 2019, has seen modest sales, averaging around 19,000 units annually. A company spokesman said that the shift in production aligns with Cadillac's electrification strategy and is not tariff-related. The move to end the XT6 production is part of Cadillac's broader strategy to transition to an all-electric lineup, encompassing cars, crossovers, and SUVs. Despite pulling back from an earlier goal to exclusively sell EVs by 2030, Cadillac has launched six new or revised models — both electric and petrol-powered — over the past year. GM was cited by Reuters as saying in a statement: 'Cadillac has introduced six new products in less than a year that represent the future of the brand. 'We will continue to make the necessary adjustments to the portfolio to maintain growth in critical luxury segments.' The Spring Hill plant has been instrumental in Cadillac's foray into the EV market, having started the production of the Cadillac Lyriq, the brand's inaugural EV, in 2022. Additionally, the plant recently commenced the production of the Vistiq, a three-row crossover that serves as a successor to the XT6. According to the internal memo, the continuation of the XT5 model is attributed to "strong customer demand". The XT5 ranked as Cadillac's third best-selling vehicle in the previous year, trailing behind the Escalade SUV and the Lyriq. The memo also highlighted a scheduled downtime for the Spring Hill plant during the week of 12 May 2025. GM confirmed the pause in production and accompanying temporary layoffs, citing a need to balance vehicle output with market demand. GM reportedly plans to increase production of its light-duty trucks at its assembly plant in Fort Wayne, Indiana in the US. "GM to end production of Cadillac XT6 SUV at Tennessee facility in US – report" was originally created and published by Just Auto, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
ArabGT
09-04-2025
- Automotive
- ArabGT
The Cadillac XT6 Is Nearing the End of Its Journey
The Cadillac XT6 will officially exit the brand's lineup in 2025, marking the end of a relatively short chapter for the three-row luxury SUV. Despite the continued strength of the SUV market, General Motors has decided to phase out the XT6 without a direct successor. While automakers typically retire sedans or niche models when cutting back due to weak sales, Cadillac is taking a different approach by discontinuing one of its mainstream SUVs. The XT6's departure is notable not only for its timing but also for the lack of a clear replacement. Cadillac's midsize XT6 SUV is heading toward the end of its production life. Originally introduced in 2019, the XT6 has served as a gasoline-powered, three-row luxury option in Cadillac's portfolio. Production will officially cease later this year, with the smaller XT4 to follow shortly thereafter. In 2024, Cadillac sold 20,225 units of the XT6 in the U.S., representing a 5.8% increase over the previous year. Despite the growth, this figure still pales in comparison to the much larger Escalade, which continues to dominate the brand's SUV sales. Though its sales figures were comparable to Cadillac's CT4 and CT5 sedans combined, the XT6 never reached the brand-defining status enjoyed by other models in the range. In a highly competitive segment, the XT6's five-year run now seems relatively brief. General Motors confirmed the decision, telling Reuters that the XT6 no longer fits into Cadillac's long-term strategy. A spokesperson noted, 'Cadillac has introduced six new products in under a year that reflect the future of our brand. We'll continue refining our lineup to support growth across our core luxury segments.' The XT6 isn't the only SUV facing retirement. Cadillac's XT5 is also expected to be discontinued by the end of 2026. Like the XT4 and XT6, the XT5 is produced in China through a joint venture between GM and SAIC. Although the XT5 has received updates tailored for the Chinese market, it's unlikely to return to U.S. showrooms, with plans already in place to end production by late 2025. Cadillac has been ramping up its activity over the past year, particularly in the EV space. The company has introduced several electric models recently, including the Optiq, Vestiq, Lyriq V, and the high-end Escalade IQL. However, despite these EV launches, Cadillac is not committing to an all-electric lineup just yet. The 2025 Escalade, for example, received a comprehensive redesign but remains powered by a traditional gasoline engine. Cadillac has also walked back its earlier pledge to go fully electric after 2030, signaling a more gradual transition that includes continued internal combustion offerings well into the next decade.
Reuters
08-04-2025
- Automotive
- Reuters
Cadillac ending production of three-row, gasoline-powered XT6 SUV
DETROIT, April 8 (Reuters) - General Motors GM.N is discontinuing the Cadillac XT6 gasoline-powered three-row SUV at the end of 2025, the automaker said on Tuesday. The XT6 is built at Spring Hill Assembly in Tennessee where GM also produces the smaller gasoline-powered Cadillac XT5 SUV, which GM will continue making through the end of 2026. The Spring Hill plant also has the Cadillac electric SUVs Lyriq and Vistiq. Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here. GM's luxury brand has been focused on offering an all-electric lineup to customers. The move is not related to recently imposed auto tariffs, the company said. "Cadillac has introduced six new products in less than a year that represent the future of the brand," the company said in a statement. "We will continue to make the necessary adjustments to the portfolio to maintain growth in critical luxury segments." Cadillac discontinued the gasoline-powered XT4 SUV earlier this year. CNBC reported the end of the XT6 SUV earlier on Tuesday. Last week, Reuters reported first that GM would increase production of full-size trucks at its Indiana plant. Those trucks are also built in Mexico and Canada.
Yahoo
08-04-2025
- Automotive
- Yahoo
Cadillac ending production of three-row, gasoline-powered XT6 SUV
By Kalea Hall DETROIT (Reuters) - General Motors GM.N is discontinuing the Cadillac XT6 gasoline-powered three-row SUV at the end of 2025, the automaker said on Tuesday. The XT6 is built at Spring Hill Assembly in Tennessee where GM also produces the smaller gasoline-powered Cadillac XT5 SUV, which GM will continue making through the end of 2026. The Spring Hill plant also has the Cadillac electric SUVs Lyriq and Vistiq. GM's luxury brand has been focused on offering an all-electric lineup to customers. The move is not related to recently imposed auto tariffs, the company said. "Cadillac has introduced six new products in less than a year that represent the future of the brand," the company said in a statement. "We will continue to make the necessary adjustments to the portfolio to maintain growth in critical luxury segments." Cadillac discontinued the gasoline-powered XT4 SUV earlier this year. CNBC reported the end of the XT6 SUV earlier on Tuesday. Last week, Reuters reported first that GM would increase production of full-size trucks at its Indiana plant. Those trucks are also built in Mexico and Canada.
