morning traders 16 / 01

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    morning traders,

    still well and truly holiday mode on the markets, volumes still low and direction is hard to gauge. Saw this below as very interesting, could we see the return of a big luxurious Cadilac in an electric version.

    Now that is something I would buy!



    'Electric vehicles have been the number one topic of discussion at the Detroit auto show. But big fuel guzzlers are still crucial as carmakers need traditional vehicles to fund their electric dreams. Even before the auto show opened, General Motors and Ford had announced plans to grow their electric vehicle line-ups. Ford said it would invest $11bn by 2020 to create a line of 40 hybrid and fully electric cars.

    Cadillac, a brand owned by GM, also unveiled plans for new electric vehicle architecture. Cadillac president Steve Carlisle says the design allows battery packs to fit into the car, the way "ice cubes fit into a tray".

    GM already makes an electric car, the Chevrolet Volt. But by making Cadillac its electric flagship, analysts say GM will try to challenge Tesla in the luxury market.'
 
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