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Based out of High Springs, Florida, Droptop Customs is a specialist in converting coupes to convertibles. The newest creation to their line of products is Cadillac's CTS Coupe and we have to say there's a sort of sporty elegance to the final product. We'll have to wait for this year's SEMA show to see it in person, but given their track record we're confident that it'll be a solid conversion.
And even better are the expectations Droptop Customs has, anticipating to sell around 3,000 of these babies a year. The conversion will consist of a fabric soft-top that will retract into a space above the luggage compartment. Droptop Customs states that the aerodynamics have not been modified – but seriously, who cares if you're getting a convertible.
We'll keep our eyes open for the completed deal at SEMA this year.
General Motors has just announced the filing of papers with the Securities and Exchange Commission for an Initial Public Offering (IPO) that will see the company handed back over to investors and removed from government control.
Including in the filing are plans for preferred stock that carries with it both debt and equity and also has priority in a bankruptcy situation.
According to a Bloomberg report, GM hopes to generate $16 billion by the IPO, selling off roughly a fifth of the stock currently owned by the U.S. Treasury. This would then make the government a minority shareholder in General Motors and is likely to be followed by continued sell-offs until GM is entirely out of government hands. Currently the U.S. government owns a 61 percent stake in GM.
GM has already paid back the $6.7 billion in loans it received from the U.S. and Canadian governments, however, that amount is only a small portion of the almost $50 billion bailout GM received.
At a buck forty the supercharged V8 engine continues to pull strong, but there's no more room to test its power as the large six marker at the start of the braking zone is indicating that the time for the middle pedal is now.
Then again, maybe I'll wait for the 5 marker. Or maybe even the four. No, not this time. Not after that high-speed straight. Not without a few more laps… or maybe never.
And then the Brembos dig in, like a high-tech aluminum and iron anchor tossed out the back. Incredibly, the car is completely stable under such tremendous braking.
"Dammit!" I think, having slowed perhaps a bit too early. I could have made more of that back straight. Then again, perhaps I shouldn't risk more. After all, this isn't my high-performance luxury coupe. It belongs to Cadillac.
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Cadillac V-Series - CTS-V, STS-V and XLR-V
