2015 Cadillac EscaladeEnlarge Photo
The information was reported by Car and Driver, citing an inside source at General Motors. The source also revealed that development of the vehicle is already well underway.
The basis of the vehicle will be an updated version of General Motors Company’s [NYSE:GM] Lambda platform, most likely called “Lambda II”. This new platform is said to be lighter and more rigid than the current Lambda platform, and it should be able to incorporate a wider variety of powertrains including some alternative options. The current Lambda platform underpins crossovers with third-row seating such as the Buick Enclave, Chevrolet Traverse and GMC Acadia.
With the Escalade already offering a third row, you may be wondering why Cadillac needs another vehicle capable of carrying seven or more passengers. The answer is that the new crossover will fill the wide gap between the SRX, which starts at $37,505, and the Escalade, whose latest version is expected to be priced higher than the $63,745 starting price of the outgoing model. This means the new crossover will likely be priced from between $50,000 to $60,000.
Note, we may see Cadillac also launch a crossover positioned below its SRX. As previously reported, Cadillac is considering launching a small crossover to take on the likes of the BMW X3 and Mercedes-Benz GLK-Class.