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General Motors Co has been working to develop a plug-in hybrid vehicle based on its Cadillac SRX crossover, two people with direct knowledge of the work said.
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The Cadillac plug-in would share some of the technology that GM has developed for its Chevrolet Volt over the past four years, allowing the automaker to bring down the cost of its emerging electric car offerings, one of the sources said.
The new Cadillac would also draw from an abandoned project to launch a rechargeable crossover vehicle that GM had considered in 2008 and 2009 under the Buick and since-scrapped Saturn brands, according to one of the sources, who could not be named because the project has not been made public.
The project would mark the first luxury electric car from the top U.S. automaker after it dropped a plan to build the Converj concept car, a Cadillac variant of the Volt.
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Cadillac spokesman Nick Twork declined to comment, citing the automaker's policy of not discussing vehicle development projects for competitive reasons.
The current SRX made its debut at the Detroit auto show in 2008 as a concept car that GM said could carry a fuel-cell and electric powertrain in the future.
The move to launch a plug-in Cadillac could also allow GM to extend what its executives see as a crucial lead over Toyota Motor Corp in what GM calls "extended range electric vehicles."
Those cars, like the Volt, are designed to run on battery power at first but carry a backup gasoline engine to provide peace of mind to the driver and additional range.
Earlier this month, GM Chief Executive Dan Akerson -- in remarks to reporters -- dismissed the market-leading Prius hybrid as a "geekmobile" that he would never want to drive.
GM, which completed a record-setting initial public offering of shares last month, has made it clear it intends to roll out variants of the electric car technology it developed for the Volt.
Akerson, speaking to reporters Thursday evening in Detroit, said GM would offer versions of the Volt in different vehicle segments and under GM brands other than Chevy.
"You know, I am having a meeting on that tomorrow," Akerson said.
GM Vice Chairman Steve Girsky, speaking at the same event, said Akerson and others within GM were also arguing that the automaker could push ahead with more production of the Volt than it had initially planned.
