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For almost two decades, Cadillac has been undergoing a transformation of sorts to become a threat to likes of BMW and Mercedes-Benz. The various models and changes have been met with mixed reactions. But the latest move to make Cadillac the lead brand in General Motors' electric car offensive marks a big change. According to an executive, this is the brand's last chance at success. “We don’t have any chances left with taking Cadillac to a really new place. This is pretty much it,” said GM President Mark Reuss to Reuters. “So we really have to hit the ball here. It’s my job to make sure we do.” Cadillac previewed their first EV on Sunday night during the press preview of the XT6 crossover. No name was given, but the model appears to be a small or midsize crossover. It will be the first vehicle to use GM's dedicated BEV3 platform that has been designed to underpin various types of vehicles and drivetrain layouts. When asked how long it would take for Cadillac to transition to an all-electric lineup, Reuss said it is too early to tell. He expects a combination of electrified and combustion engine models “for quite a few years” in the lineup. Reuss did not elaborate what would happen if the transition to electric faltered. “All I’m focused on is what we’re doing right now…” Reuss said, “and getting momentum back in Cadillac.” Source: Reuters

In an email to all employees today, Elon Musk has announced that Tesla plans to layoff 7% of its staff or about 3,150 jobs. In addition to these cuts, Tesla will also retain only the most critical of contractors and temporary workers. Tesla's workforce grew by 30% last year. Musk reported that preliminary financial results for Q4-2018 show a small profit, smaller than the 4% profit reported for Q3-2018. Musk stressed that Telsa must work to get the mid-range Model-3 available in all markets by May in order to target a tiny profit for that quarter. The email was also posted to Tesla's company blog. Hat tip to reader @Cmicasa the Great for notifying us of the story.

Ford released details on the Ford Explorer Hybrid at the Detroit Auto Show this week, but a Plug-in Hybrid wasn't mentioned. Curiously, at the Ford stand, the sign next to the hybrid version of the Explorer mentioned it as a Plug-In. One of the engineers standing nearby told me this was a misprint, but that is a pretty serious misprint to make and then actually put on the show floor. We do know that the Explorer platform is capable of being a plug-in hybrid as its stable mate over at Lincoln, the Lincoln Aviator is getting a plug-in hybrid in its GT form. Is it likely that Ford is holding back on announcing the Ford Explorer Plug-In Hybrid just so that the Lincoln Aviator can get some traction with its version first? Sound off below.