Another example of why GM is going bankrupt: they make products no one needs or wants. The Cadillac XLR is an $85,000 convertible based on the Chevrolet Corvette. Yes, the XLR is more luxurious, but does it really warrant a nearly $30,000 premium? No. GM is clearly under the delusion that the buying public regards Cadillac as a brand in the same way it sees Mercedes, BMW, or even Jaguar - why else would they price this thing in the same ballpark? I'm certain with GM's restructuring, the XLR will become extinct.
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