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GM working on plug-in hybrid Cadillac SRX

The Cadillac SRX crossover has been a big part of the luxury automakers success over the past few months and rumors from around the automotive industry suggest that we could soon see a plug-in hybrid (PHEV) version of the compact Caddy crossover.

GM wants very badly to find more ways to utilize their current hybrid and electric vehicle technology and putting some of that green technology to work in a Cadillac would allow the company to charge more for a luxury PHEV than, say, the same drivetrain in a new Chevrolet Cruze. Cadillac was originally slated to feature the Converj – a luxury version of the Chevrolet Volt – but as cool (and profitable) as that may have been, the “new GM” scrapped the Converj.

The 2011 Cadillac SRX has a price range of $33k-52k, but even the very lightly equipped 2011 SRX quickly surpasses the $41,000 price of the 2011 Volt. Using portions of the Voltec drivetrain in a vehicle that costs $50k+ could help GM get closer to achieving profitability with their electric and hybrid vehicle technologies.

Source: Reuters

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