Insiders say that after General Motors determined that the project was not feasible, it dropped plans to build a plug-in hybrid vehicle that’s based on the present Cadillac SRX crossover platform. There are speculations that the project may still push through on a platform in the future but then, the engineers assigned to this project had already been assigned elsewhere.
The Cadillac plug-in uses a huge part of the technology that GM built for its Chevrolet Volt.
GM had relied on the Volt to persuade consumers of its recovery after it exited from bankruptcy in 2009.
Reuters gathered information from six sources inside GM about the cancellation of this project, which GM had never talked publicly about. GM spokesman Kevin Kelly declined to comment on its projects or when applications are expected to arrive.
He would only say that GM continues to see potential in this technology. Last December, Reuters reported that GM was developing the Cadillac hybrid crossover.
Last January, GM CEO Dan Akerson said that a plug-in hybrid was "likely” to be introduced. It was only in recent weeks that those involved in the program were informed that this program has been put on hold. Sources said that days ago, GM sent cancellation e-mails and thank-you notes to the participants.