Cadillac plans to raise prices of its future vehicles to match, roughly, their German rivals, part of a plan to win more credibility from luxury shoppers.
The CTS sedan, for example, is similar in size to the BMW 5 series, but the base 5 series is more than $8,000 more expensive than the base CTS. That price gap will narrow for the next-generation CTS and other Cadillac vehicles, says Don Butler, Cadillac's vice president of marketing. The redesigned CTS is scheduled for the 2014 model year.
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