GM plans to end production of the Cadillac XLR

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Cadillac XLR sales in 2008 were just 1,250 units, that’s a 28% decrease compared to 2007. 2009 will be even worse and now GM to save costs is planning to end the production of the XLR.

Cadillac XLR is made at the General Motors Bowling Green Assembly Plant. GM anticipates production will cease this spring and about 40 employees will be laid off.

GM decided to stop XLR production as part of a strategy to help conserve money. The XLR was chosen to be eliminated after a year of slipping sales, said Sharon Basel, communications manager for General Motors.

“Models like the XLR often have limited product life cycles,” she said. “Difficult decisions have to be made to ensure that we can continue to develop, engineer and produce the most critical products in our portfolio.”

XLR is one of the most expensive models in the GM lineup. XLR prices start from $87,000 and go all the way to $106,000. It is a nice looking car, but with today’s economy very hard to sell so we do understand GM and hope they will put more effort into new fuel-efficient models such as the Chevy Volt.

Source: bgdailynews