New Car : Cadillac Announces Pricing on 2008 CTS Preview

Cadillac said its redesigned 2008 CTS, which hits showrooms in late August, will start at $32,990, including a $745 destination charge. In comparison, the 2007 Lexus IS 350 starts at $36,420, including a $715 destination charge. Cadillac noted that the 2007 CTS with a 3.6-liter V6 started at $33,530.

The 2008 CTS gets several upgrades for the new model year, including a 263-horsepower 3.6-liter V6, a redone cabin with "hand-crafted accents," standard 17-inch wheels and tires, and a Bose eight-speaker sound system. Other new standard items for '08 include Stabilitrak and a tire-pressure monitoring system.

Lexus has not yet announced pricing on its 2008 IS 350.