GM Shelves plans for one of two large RWD future models

[Bruce Nunnally]

$100K+ range topper doesn't make a persuasive business case, so it is cancelled (again)

GM executives recently concluded that the rear-wheel-drive car, which would have been a low-volume showstopper priced well north of $100,000, didn't offer enough brand-building pizzazz to justify the investment, the sources said. Designers recently were taken off the program and reassigned.

The decision doesn't change GM's plans for a large rwd sedan to line up against the Mercedes-Benz S class and BMW 7 series.

Development of that future Cadillac, to be built on a new rwd platform dubbed Omega, is well under way, with a launch expected for the 2016 or 2017 model year, sources have said.

Read more: http://www.autonews.com/article/20130628/OEM04/130629867#ixzz2XZ1rRnyz