Automotive

But Wait, There’s More…

TL;DR — Cadillac promises to deliver luxury quality for luxury prices, Polestar comes to the Nasdaq, and Toyota recalls a lot (but not all) of their newly produced EVs.
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But Wait, There’s More…

🤑 🚙Cadillac's upcoming Celestiq EV is expected to price at around $300K. The company has made no official announcement, but people familiar with the matter say the limited production custom-built luxury vehicles will feature every possible reason for the high price tag. 

📈 🔋Polestar's completed its SPAC deal. The company started trading on the Nasdaq Friday with the name PSNY. The company says proceeds from the move will fund a push for global expansion and profitability.  

𐃏 🏃Toyota issued a recall for 2,700 EVs over unsecured wheels. Of the recalled vehicles, only 260 are in the US, with Europe holding the majority at 2,200. The recall comes just two months after the company's first mass-produced EVs went to market.

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