The Price is Right

Like the Chevrolet Corvette, the 2023 Cadillac Lyriq will start under $60,000

The 2021 Cadillac Lyriq is a whole new take on luxe mobility for the company.

Photo courtesy of Cadillac

The Cadillac Lyriq will start at less than $60,000 when it debuts in late 2022 or early 2023, Steve Carlisle, president of General Motors North America, said Wednesday.

Cadillac won't announce official pricing anytime soon, but as the brand transitions to an all-electric portfolio, the Lyriq midsize crossover and other EVs have to be able to replace its current gasoline-powered vehicles, Carlisle said at the JP Morgan Auto Conference.

2023 Cadillac Lyriq Cadillac is expected to infuse the Lyriq with a host of modern technology including its hands-free Super Cruise driving system. Photo courtesy of Cadillac

"We need to be in the same price zone," said Carlisle. "This car will need to be priced similar to how the industry prices midsize lux SUVs today, maybe a slight premium at the outset. It's a price that won't be high five digits. It won't start with a seven and it won't start with a six."

At that price it won't be Cadillac's priciest SUV - that will solidly be the Escalade - but it likely will be its most expensive two-row SUV. It's about the same size as the Cadillac XT5, which starts at near $45,000 and can go higher than $70,000 with all the options boxes checked.

General Motors is going all-in on battery-powered vehicles. The company recently announced a partnership with EVgo that will add 2,700 charging stations to the grid over the next several years. The first of those stations is set to go online next year.

Cadillac isn't the only arm of the Detroit-based automaker that is getting electric vehicles. The company recently outlined what's ahead for each brand. Chevy will have en electric utility vehicle coming to market in the near future and the GMC Hummer EV truck and SUV are well on their way. There are additional vehicles in the pipeline as well.

It was also recently revealed that GM CEO Mary Barra has entertained the idea of changing the company's name to better align it with their vision of the future of mobility.

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Nuts & Bolts

 
 

Teachers from Houston, Tampa, and Detroit can be entered to win.

Photo by Klaus Vedfelt/Getty Images

With more parents having a larger hand in educating their children for the last seven months due to the COVID-19 pandemic, it's become apparent to many just how tough being a teacher can be. Maaco, the world's largest provider of auto paint and collision services, is rewarding one lucky teacher with a free MAACOver as part of a new giveaway.

The giveaway can include an exterior paint job, deep cleaning, and collision/damage repair. These are all services that Maaco offers as part of its menu.

Teachers of grades K-12 can nominate themselves or students and community members can nominate a deserving educator via Macao.com. Only teachers in Houston, Tampa, and Detroit are eligible.

Nominations must be submitted by October 5. Winners will be announced October 19.

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If you've got a reservation, you can now order your 2021 Ford Mustang Mach-E.

Photo courtesy of Ford Motor Company

In a memo to dealers, Ford has announced that it is lowering the manufacturer's suggested retail price (MSRP) of its 2021 Ford Mustang Mach-E, the long-awaited all-electric crossover.

According to a post on the Mach-E forum, the price of the Mustang Mach-E will be $1,000 to $3,000 than initially promoted. The memo states that the Mustang Mach-E Premium will be $3,000 lower than initially anticipated with the all-wheel drive version dropping to $50,800 and rear-wheel drive model now coming in at $48,100.

2021 Ford Mustang Mach-E The Ford Mustang Mach-E will begin arriving at dealership lots soon. Photo courtesy of Ford Motor Company

The Mach-E First Edition, a sold-out top-of-the-line model, will get a $1,000 price deduction. That same drop applies to the Mach-E Select, the base model. That base model has a 230-mile range. Higher price point versions of the Mach-E can achieve up to 300 miles of range.

The price of each vehicle includes a $1,100 delivery charge. Customers are eligible to receive a $7,500 federal tax credit with purchase.

Pricing will apply to all models that have been ordered since the Mach-E was unveiled at the 2019 L.A. Auto Show. The first deliveries of the crossover are expected to arrive in customer hands later this year.

How does the new price compare? The freshly-unveiled Volkswagen ID.4 will start at $41,990 including the cost of delivery, making it about $2,000 less than the new price of the Mach-E Select, which comes in at $43,995 for front-wheel drive models and $46,695 for all-wheel drive variants. The ID.4 will get up to 250 miles on a single charge.

The Tesla Model Y comes in at $49,990 but has more range than the Mustang Mach-E at 316 miles on a single charge and comes standard with all-wheel drive.

Ford and Volkswagen vehicles will rely on private charging opportunities. Both companies have recently announced partnerships with Electrify America, which has two cross-country charging routes available and is working to rapidly install charging stations at private enterprises and in public spaces nationwide.

Volkswagen ID.4 buyers get three years of free charging with purchase. Mustang Mach-E owners get 250-kilowatt-hours of free charging when they buy a Mach-E.

Tesla has a fully built-out electric vehicle charging infrastructure that allows for fast charging of the Model Y. With that capability it can relain 158 miles of charge in just 15 minutes while at a Supercharger. There are 17,000 Superchargers worldwide and six new locations open each week according to the Tesla website.

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