LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LONDON WALLET
  • Home
  • Investing
  • Business Finance
  • Markets
  • Industries
  • Opinion
  • UK
  • Real Estate
  • Crypto
No Result
View All Result
LondonWallet
No Result
View All Result

GM only delivered 122 Cadillac Lyric EVs in 2022, here’s why that’s about to change soon

Robert Frost by Robert Frost
January 11, 2023
in Industries
GM only delivered 122 Cadillac Lyric EVs in 2022, here’s why that’s about to change soon
74
SHARES
1.2k
VIEWS
Share on FacebookShare on Twitter

[ad_1]

GM-Cadillac-Lyriq-1

After delivering only 122 Cadillac Lyriq EV models in 2022, General Motors says it was purposely slow with the rollout as it worked through issues with its new electric vehicle and to ensure customers receive the best quality. With a stockpile of 2023 Cadillac Lyriq models, GM says it’s now confident in its process going forward.

GM wants to accelerate Cadillac Lyriq rollout

When GM revealed the Cadillac Lyriq in 2020, it was designed to “redefine American luxury” with over 300-mile range and a starting price of under $60,000. The Lyriq is also set to play a pivotal role in carrying the Cadilac brand that’s set for an all-electric future by the end of the decade.

You might also like

Sends shares Q1 2026 business update and product progress

BP flags ‘exceptional’ oil trading performance as Iran war chokes supply

Why the economy could be spared 2022-style inflation despite high oil prices

However, despite announcing it had its best sales year ever last week, GM only delivered 122 Cadillac Lyriqs total. The delivery count was disappointing after early demand caused GM to close Cadillac to orders after only 19 minutes in May.

Although GM would not specify how many orders “sold out” indicated, the company reported about 233,000 people expressed interest (but did not necessarily put money down).

President of GM North America, Steve Carlisle, said at the release in 2020, “Production will be a bit restricted as we ramp up.” According to a new report from the Detroit Free Press, the slow rollout was deliberate.

GM-Cadillac-Lyriq
2023 Cadillac Lyriq (Source: Cadillac)

A spokesperson from Cadillac, Michael Albano, said as the company worked through learning curves, only a few deliveries went out to ensure quality.

We deliberately ramped up Cadillac Lyriq production slowly and methodically last year to ensure quality for our customers. Looking ahead, we will continue to ramp up production in 2023 in order to meet the strong demand for Lyriq.

Cadillac has also required engineers and specialists to inspect the Lyriq while teaching technicians how to work on it before dealers are allowed to deliver them.

The luxury brand has gone as far as recruiting early customers to aid in studying the car. According to the Detroit Free Press, GM gave some early buyers a $5,500 incentive, having them sign a nondisclosure to allow them to track activity.

Now that GM has cleared up any issues, it’s time to get back on track. Albano says, “We are confident in our process,” and that the company has a stockpile of Cadillac Lyriq models that will be shipped to customers very soon.

Electrek’s Take

I understand GM’s approach here in ensuring quality for the customer, but after delivering only a little over 100 Lyriqs last year, it’s time for Cadillac to get cars in the hands of customers.

The Cadillac Lyriq hits the sweet spots in several areas (luxury interior, long-range capabilities) for a decent starting price, but with several highly anticipated EV models in its segment expected to hit the market this year, Cadillac may need to start prioritizing accelerating the rollout.

FTC: We use income earning auto affiliate links. More.

[ad_2]

Source link

Share30Tweet19
Previous Post

Tesla vehicles moved almost 100,000 people inside Boring Company tunnels at CES

Next Post

Touch and smell comes to the metaverse, Nifty Newsletter, Jan 4–10

Robert Frost

Robert Frost

Recommended For You

Sends shares Q1 2026 business update and product progress
Industries

Sends shares Q1 2026 business update and product progress

April 14, 2026
BP flags ‘exceptional’ oil trading performance as Iran war chokes supply
Industries

BP flags ‘exceptional’ oil trading performance as Iran war chokes supply

April 14, 2026
Why the economy could be spared 2022-style inflation despite high oil prices
Industries

Why the economy could be spared 2022-style inflation despite high oil prices

April 14, 2026
Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested
Industries

Europe cheers Orbán defeat as a bloody nose for the Kremlin – but Hungary’s future remains contested

April 13, 2026
Next Post
Touch and smell comes to the metaverse, Nifty Newsletter, Jan 4–10

Touch and smell comes to the metaverse, Nifty Newsletter, Jan 4–10

Related News

Binance inflows hit  billion from 250M user base in 2024

Binance inflows hit $24 billion from 250M user base in 2024

December 13, 2024
Ethereum price soars on spot ETF rumor — How are ETH options markets positioned?

Ethereum price soars on spot ETF rumor — How are ETH options markets positioned?

May 21, 2024
How blockchain technology makes it easier for Africans to upskill

How blockchain technology makes it easier for Africans to upskill

June 15, 2023

Browse by Category

  • Business Finance
  • Crypto
  • Industries
  • Investing
  • Markets
  • Opinion
  • Real Estate
  • UK

London Wallet

Read latest news about finance, business and investing

  • Contact
  • Privacy Policy
  • Terms & Conditions

© 2025 London Wallet - All Rights Reserved!

No Result
View All Result
  • Checkout
  • Contact
  • Home
  • Login/Register
  • My account
  • Privacy Policy
  • Terms and Conditions

© 2025 London Wallet - All Rights Reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?