No Cadillac Corvette coming, as GM rules out mid-engine luxury supercar
CNBC reports that GM president Mark Reuss has ruled out a Cadillac version of the mid-engine Chevrolet C8 Corvette, arguing it didn't fit into the brand's new strategy and would have to share the majority of its components with the Chevy supercar.
While he reportedly said there was potential room for more specialty, Cadillac-specific vehicles outside the ultra-luxury Celestiq, he ruled out the company's premium brand offering a version of the Corvette – something it has done before with the XLR.
"It was developed as a secondary car to the Corvette, on purpose. We would never do that," said Mr Reuss, appearing to refer to the defunct XLR.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
That's despite Cadillac offering vehicles on shared GM platforms like the Escalade large SUV, which is related to the Chevrolet Tahoe/Suburban and GMC Yukon/Yukon XL but which features unique interior and exterior styling.
Other Cadillac models are based on platforms shared with Buick, Chevrolet and GMC vehicles, apart from the CT4 and CT5 which use a version of the Alpha platform that underpinned the defunct Chevrolet Camaro.
Cadillac's first and only Corvette-based model, the XLR, entered production in 2003 and preceded the C6 Corvette by a year. While it shared the Corvette's platform, it had completely different interior and exterior styling.
Not only that, but the XLR ditched the Chevy's pushrod V8s for the double overhead cam 4.6-litre Northstar V8 developed for the Cadillac brand.
This actually produced considerably less power and torque than even the base C6 Corvette's 6.0-litre 'LS2' V8, befitting the XLR's role as more of a refined Mercedes-Benz SL rival than an out-and-out sports car.
The XLR was also offered only with an automatic transmission and a folding hardtop roof.
For 2006, Cadillac introduced the XLR-V powered by a supercharged 4.4-litre version of the Northstar V8, which produced slightly more power and torque than the base C6 Corvette.
The XLR-V became the first Cadillac to wear a base price north of US$100,000, but the XLR experiment ended in 2009 when Cadillac swung the axe on the luxury roadster. It had reportedly failed to meet sales expectations, and GM was about to go through bankruptcy proceedings.
Cadillac has since offered other models priced above the US$100,000 mark, culminating in the Celestiq which starts at around US$340,000 (~A$531,000).
However, while it has offered hot twin-turbo V6 and supercharged V8-powered models, these have predominantly been sedans.
It even developed a twin-turbo double overhead-cam V8 called the Blackwing, producing up to 410kW of power and 868Nm of torque. This ended up being produced for only a couple of model years and was seen in just one model, the CT6, US production of which was halted to make room for electric vehicle (EV) production.
But while Cadillac has previously stated a goal of going electric-only by 2030 and is yet to officially scrap this goal as some brands have done, it continues to offer high-performance sports sedans like the CT5-V Blackwing and will join the Formula 1 grid in 2026.
Mr Reuss' suggestion of other Cadillac-exclusive, specialty models potentially joining the Celestiq could point to a production future for last year's Sollei concept, a flagship electric convertible based on the Celestiq.
Should it build this, it would be the brand's first convertible since the XLR was axed in 2009.
MORE: Everything Chevrolet Corvette
Content originally sourced from: CarExpert.com.au
General Motors' luxury brand Cadillac is in the midst of (another) massive transformation, but its halo model will be an ultra-exclusive, ultra-luxury fastback… not a V8-powered supercar.
CNBC reports that GM president Mark Reuss has ruled out a Cadillac version of the mid-engine Chevrolet C8 Corvette, arguing it didn't fit into the brand's new strategy and would have to share the majority of its components with the Chevy supercar.
While he reportedly said there was potential room for more specialty, Cadillac-specific vehicles outside the ultra-luxury Celestiq, he ruled out the company's premium brand offering a version of the Corvette – something it has done before with the XLR.
"It was developed as a secondary car to the Corvette, on purpose. We would never do that," said Mr Reuss, appearing to refer to the defunct XLR.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
That's despite Cadillac offering vehicles on shared GM platforms like the Escalade large SUV, which is related to the Chevrolet Tahoe/Suburban and GMC Yukon/Yukon XL but which features unique interior and exterior styling.
Other Cadillac models are based on platforms shared with Buick, Chevrolet and GMC vehicles, apart from the CT4 and CT5 which use a version of the Alpha platform that underpinned the defunct Chevrolet Camaro.
Cadillac's first and only Corvette-based model, the XLR, entered production in 2003 and preceded the C6 Corvette by a year. While it shared the Corvette's platform, it had completely different interior and exterior styling.
Not only that, but the XLR ditched the Chevy's pushrod V8s for the double overhead cam 4.6-litre Northstar V8 developed for the Cadillac brand.
This actually produced considerably less power and torque than even the base C6 Corvette's 6.0-litre 'LS2' V8, befitting the XLR's role as more of a refined Mercedes-Benz SL rival than an out-and-out sports car.
The XLR was also offered only with an automatic transmission and a folding hardtop roof.
For 2006, Cadillac introduced the XLR-V powered by a supercharged 4.4-litre version of the Northstar V8, which produced slightly more power and torque than the base C6 Corvette.
The XLR-V became the first Cadillac to wear a base price north of US$100,000, but the XLR experiment ended in 2009 when Cadillac swung the axe on the luxury roadster. It had reportedly failed to meet sales expectations, and GM was about to go through bankruptcy proceedings.
Cadillac has since offered other models priced above the US$100,000 mark, culminating in the Celestiq which starts at around US$340,000 (~A$531,000).
However, while it has offered hot twin-turbo V6 and supercharged V8-powered models, these have predominantly been sedans.
It even developed a twin-turbo double overhead-cam V8 called the Blackwing, producing up to 410kW of power and 868Nm of torque. This ended up being produced for only a couple of model years and was seen in just one model, the CT6, US production of which was halted to make room for electric vehicle (EV) production.
But while Cadillac has previously stated a goal of going electric-only by 2030 and is yet to officially scrap this goal as some brands have done, it continues to offer high-performance sports sedans like the CT5-V Blackwing and will join the Formula 1 grid in 2026.
Mr Reuss' suggestion of other Cadillac-exclusive, specialty models potentially joining the Celestiq could point to a production future for last year's Sollei concept, a flagship electric convertible based on the Celestiq.
Should it build this, it would be the brand's first convertible since the XLR was axed in 2009.
MORE: Everything Chevrolet Corvette
Content originally sourced from: CarExpert.com.au
General Motors' luxury brand Cadillac is in the midst of (another) massive transformation, but its halo model will be an ultra-exclusive, ultra-luxury fastback… not a V8-powered supercar.
CNBC reports that GM president Mark Reuss has ruled out a Cadillac version of the mid-engine Chevrolet C8 Corvette, arguing it didn't fit into the brand's new strategy and would have to share the majority of its components with the Chevy supercar.
While he reportedly said there was potential room for more specialty, Cadillac-specific vehicles outside the ultra-luxury Celestiq, he ruled out the company's premium brand offering a version of the Corvette – something it has done before with the XLR.
"It was developed as a secondary car to the Corvette, on purpose. We would never do that," said Mr Reuss, appearing to refer to the defunct XLR.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
That's despite Cadillac offering vehicles on shared GM platforms like the Escalade large SUV, which is related to the Chevrolet Tahoe/Suburban and GMC Yukon/Yukon XL but which features unique interior and exterior styling.
Other Cadillac models are based on platforms shared with Buick, Chevrolet and GMC vehicles, apart from the CT4 and CT5 which use a version of the Alpha platform that underpinned the defunct Chevrolet Camaro.
Cadillac's first and only Corvette-based model, the XLR, entered production in 2003 and preceded the C6 Corvette by a year. While it shared the Corvette's platform, it had completely different interior and exterior styling.
Not only that, but the XLR ditched the Chevy's pushrod V8s for the double overhead cam 4.6-litre Northstar V8 developed for the Cadillac brand.
This actually produced considerably less power and torque than even the base C6 Corvette's 6.0-litre 'LS2' V8, befitting the XLR's role as more of a refined Mercedes-Benz SL rival than an out-and-out sports car.
The XLR was also offered only with an automatic transmission and a folding hardtop roof.
For 2006, Cadillac introduced the XLR-V powered by a supercharged 4.4-litre version of the Northstar V8, which produced slightly more power and torque than the base C6 Corvette.
The XLR-V became the first Cadillac to wear a base price north of US$100,000, but the XLR experiment ended in 2009 when Cadillac swung the axe on the luxury roadster. It had reportedly failed to meet sales expectations, and GM was about to go through bankruptcy proceedings.
Cadillac has since offered other models priced above the US$100,000 mark, culminating in the Celestiq which starts at around US$340,000 (~A$531,000).
However, while it has offered hot twin-turbo V6 and supercharged V8-powered models, these have predominantly been sedans.
It even developed a twin-turbo double overhead-cam V8 called the Blackwing, producing up to 410kW of power and 868Nm of torque. This ended up being produced for only a couple of model years and was seen in just one model, the CT6, US production of which was halted to make room for electric vehicle (EV) production.
But while Cadillac has previously stated a goal of going electric-only by 2030 and is yet to officially scrap this goal as some brands have done, it continues to offer high-performance sports sedans like the CT5-V Blackwing and will join the Formula 1 grid in 2026.
Mr Reuss' suggestion of other Cadillac-exclusive, specialty models potentially joining the Celestiq could point to a production future for last year's Sollei concept, a flagship electric convertible based on the Celestiq.
Should it build this, it would be the brand's first convertible since the XLR was axed in 2009.
MORE: Everything Chevrolet Corvette
Content originally sourced from: CarExpert.com.au
General Motors' luxury brand Cadillac is in the midst of (another) massive transformation, but its halo model will be an ultra-exclusive, ultra-luxury fastback… not a V8-powered supercar.
CNBC reports that GM president Mark Reuss has ruled out a Cadillac version of the mid-engine Chevrolet C8 Corvette, arguing it didn't fit into the brand's new strategy and would have to share the majority of its components with the Chevy supercar.
While he reportedly said there was potential room for more specialty, Cadillac-specific vehicles outside the ultra-luxury Celestiq, he ruled out the company's premium brand offering a version of the Corvette – something it has done before with the XLR.
"It was developed as a secondary car to the Corvette, on purpose. We would never do that," said Mr Reuss, appearing to refer to the defunct XLR.
Hundreds of new car deals are available through CarExpert right now. Get the experts on your side and score a great deal. Browse now.
That's despite Cadillac offering vehicles on shared GM platforms like the Escalade large SUV, which is related to the Chevrolet Tahoe/Suburban and GMC Yukon/Yukon XL but which features unique interior and exterior styling.
Other Cadillac models are based on platforms shared with Buick, Chevrolet and GMC vehicles, apart from the CT4 and CT5 which use a version of the Alpha platform that underpinned the defunct Chevrolet Camaro.
Cadillac's first and only Corvette-based model, the XLR, entered production in 2003 and preceded the C6 Corvette by a year. While it shared the Corvette's platform, it had completely different interior and exterior styling.
Not only that, but the XLR ditched the Chevy's pushrod V8s for the double overhead cam 4.6-litre Northstar V8 developed for the Cadillac brand.
This actually produced considerably less power and torque than even the base C6 Corvette's 6.0-litre 'LS2' V8, befitting the XLR's role as more of a refined Mercedes-Benz SL rival than an out-and-out sports car.
The XLR was also offered only with an automatic transmission and a folding hardtop roof.
For 2006, Cadillac introduced the XLR-V powered by a supercharged 4.4-litre version of the Northstar V8, which produced slightly more power and torque than the base C6 Corvette.
The XLR-V became the first Cadillac to wear a base price north of US$100,000, but the XLR experiment ended in 2009 when Cadillac swung the axe on the luxury roadster. It had reportedly failed to meet sales expectations, and GM was about to go through bankruptcy proceedings.
Cadillac has since offered other models priced above the US$100,000 mark, culminating in the Celestiq which starts at around US$340,000 (~A$531,000).
However, while it has offered hot twin-turbo V6 and supercharged V8-powered models, these have predominantly been sedans.
It even developed a twin-turbo double overhead-cam V8 called the Blackwing, producing up to 410kW of power and 868Nm of torque. This ended up being produced for only a couple of model years and was seen in just one model, the CT6, US production of which was halted to make room for electric vehicle (EV) production.
But while Cadillac has previously stated a goal of going electric-only by 2030 and is yet to officially scrap this goal as some brands have done, it continues to offer high-performance sports sedans like the CT5-V Blackwing and will join the Formula 1 grid in 2026.
Mr Reuss' suggestion of other Cadillac-exclusive, specialty models potentially joining the Celestiq could point to a production future for last year's Sollei concept, a flagship electric convertible based on the Celestiq.
Should it build this, it would be the brand's first convertible since the XLR was axed in 2009.
MORE: Everything Chevrolet Corvette
Content originally sourced from: CarExpert.com.au
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Perth Now
3 hours ago
- Perth Now
US dollar collapse sparks rate cut hopes
A 'couple of storm fronts coming out of the US' has seen the Australian dollar soar in recent weeks, adding further pressure on the RBA to cut interest rates. Australia's dollar hit an eight month high against the US dollar on the back of greenback having its worst start to a year since 1973. A host of economic policies, which is adding to a budget deficit already running at 7 per cent of GDP, has investors in the US dollar fearing it will be unable to pay its money back. Webull securities Australia chief executive Rob Talevski said the RBA will be closely watching the fallout from the latest Trump development. 'We have a couple of storm fronts coming out of the US in the scene of the big beautiful bill but also a depreciating US dollar and questions of the independence of the Fed. 'This obviously has ramifications for the rest of the world and one the RBA will be taking note of. 'Ultimately, the RBA will be cautious, but for the short-term there's plenty of reasons for the RBA to cut in July,' he said. DRAG ON THE AUSSIE ECONOMY While a rising Aussie dollar against the US is good for travellers and those buying from overseas, it could have a massive impact on the Australian economy. Australia's three major sectors are raw materials exports, tourism and international education at universities which all come under pressure with a rising Australian dollar. The Australian dollar is jumping on the back of this. NewsWire / Nicholas Eagar Credit: NCA NewsWire While conceding a couple of rate cuts won't alone solve Australia's economic problems, Mr Taleski says it adds to a chance of a rate cut 'Obviously the Australian dollar is a commodity dollar and that is the sector that will be impacted. 'We've already seen a slowdown in tourism and international education with a strengthening Aussie dollar likely to harm us. 'It is definitely something the RBA will be monitoring closely. According to Mr Talevski combined the falls in mining revenues, tourism and education will see the Australian economy stall over the next 12-months. NED-9175-Australia's GDP Unemployment Figures He also opines this adds more pressure on the RBA which would be wise to consider the mounting risk that a falling US-dollar has on the global economy. 'Brand USA has been an impeccable defence in the face of mounting economic challenges in recent decades – sustaining global investor trust throughout the massive post-GFC monetary expansion and a deteriorating fiscal trajectory is not a luxury that would be afforded to any other country on earth,' he said. Mr Talevski said the RBA acting a bit quicker and cutting rates in July could help with some of the pain from a higher Australian dollar. 'If we look back and analyse the RBA historically, the main criticism is that they are very slow to react whether it is increasing or decreasing monetary policy.' 'Information flows really quickly whether it is good or bad so reactions from that need to be a lot quicker than we've seen the RBA perform. BIG BEAUTIFUL BILL The latest storm facing the US dollar US President Donald Trump's passing his signature bill through the US House of Representatives by four votes on Friday overnight. Dubbed the 'big beautiful bill' will do a host of things including fund a crackdown on immigration, pass his 2017 tax cuts, no more taxes on tips, cut credits or clean energy and EVs, state and local tax deductions as well as cut social safety net programs. Republicans said the legislation would lower taxes for Americans across the income spectrum and will help spur on economic growth. Critics say it gives the top 1 per cent of US households with incomes of more than $917,000 will get a $66,000 tax cut or about 2.4 per cent of their income. Going along with the bill will be cut to medicaid and food stamps meant for lower income earners. Overall the tax cuts will add $US3.4 trillion to the national debt between 2025 to 2034, adding to the US current $36.2 trillion national debt according to the nonpartisan Congressional Budget Office. Mr Trump cheered the passing of the big beautiful bill on Truth Social. 'One of the most consequential Bills ever. The USA is the 'HOTTEST' Country in the World, by far!!!' Mr Trump wrote. AMP chief economist Shane Oliver said the economic impact of this bill will be ambiguous. 'On the one hand the tax cuts likely provide a supply side boost to the economy, partly offsetting the negative supply side impact of the tariffs,' he wrote in his economic note. 'It may provide some near-term stimulus via the front loading of tax cuts but again this is at least partly offset by the tariffs. 'And with the income tax cuts being skewed to the rich (who don't change their spending much) and the spending cuts skewed to low-income earners it may mean that it could act as a drag on growth.' But over the longer-term Dr Oliver conceded it will add further pressure on the federal debt levels.
ABC News
5 hours ago
- ABC News
Global unrest threatens fuel security, but electric vehicles could ease oil dependency
Every time a global conflict kicks off, its impacts can immediately hit close to home, at the petrol pump. Last month was just the most recent example of this, with analysts warning the escalating conflict in the Middle East could see Australian prices hit $2.20 a litre. A key concern was Iran's threat to close a vital shipping route in response to the US and Israeli bombing of its territory. Around 20 per cent of the world's oil travels through the Strait of Hormuz, a narrow band of sea between Iran, Oman and the United Arab Emirates that is the only entrance for ships to the oil-rich Persian Gulf. A quarter of the world's liquefied gas also flows through the strait, making it a critical choke point for the world's energy needs, including Australia's. In 2024, Australia imported $38 billion worth of petrol and diesel, on-sold to drivers at a much higher price. A survey in the same year found drivers were spending, on average, $3,200 per year on fuel. As of April 2025, Australia had only 50 days' worth of fuel stocks within the country, including 31 days of petrol for cars — well below the 90 days that's required by the International Energy Agency. But does the rise of electric vehicles offer an opportunity to ditch this vulnerability that costs Australians billions of dollars a year? Most countries are energy importers, meaning they rely on the global network of tankers and pipelines to replenish fossil fuel supplies to run cars, heaters and power stations. Australia has long been a net exporter of energy, with vast amounts of coal and liquefied gas leaving its shores to be consumed elsewhere. The exception to this, however, is oil. "Eighty to 90 per cent of petrol that is sold at the bowser here in Australia is imported," said Dr Vlado Vivoda, an industry research fellow at University of Queensland's Sustainable Minerals Institute. For petrol to get to Australian petrol stations, the raw product — crude oil — is produced in the Persian Gulf and shipped through the Strait of Hormuz to refineries in Asia, then sent on tankers to Australian ports. According to the NRMA, Korea, Singapore, Malaysia, Taiwan and Brunei are the main sources for Australia's refined fuel. "[They have] massive refineries where you can actually get capacity to refine as much as Australia would consume. So we don't have those kinds of facilities," Dr Vivoda said. Australia used to process more oil domestically, with 20 fuel refineries around the country; now there are just two. This all exposes Australia's fuel supply to geopolitical vulnerabilities in the Middle East, as well as in the South China Sea. Only half of Australia's imported fuel is for passenger cars, with the rest used in freight and heavy transport, aviation fuel and industry, meaning rising oil prices flow through to many parts of the economy. "The inflationary pressures of higher petrol prices are quite significant," Dr Vivoda said. "That increase in the price of petrol gets funneled into the increased cost of transportation of goods, food and so on across states … air freight as well. "Then that gets passed on to the consumer. Even as a fossil fuel producing nation, Australia's energy prices are still exposed to international markets and affected by international price shocks. This happened in the 1970s when the Iranian Revolution and instability in the Middle East led to the energy crisis. Similarly, global oil prices were rocked by Russia's invasion of Ukraine, leading to widespread sanctions and restrictions on Russian fossil fuels. "These sort of dependencies, when they work really well and prices are affordable, can be really important and a driving force for your industries and for your economy," explained Leonard Quong, head of Australian research at BloombergNEF. "But when things go wrong, and they have gone wrong in the past, it can leave you incredibly exposed." Much of the most recent cost of living crisis is the result of higher energy prices. In the first year after the Ukraine conflict, profits from the large fossil fuel companies jumped 125 per cent. While the chances of fuel shipments being entirely cut off from Australia are extremely low, if that were to happen, petrol prices would skyrocket and shortages could occur within a month. Renewable energy and electric cars are mostly discussed as solutions to climate change and pollution, but they also offer countries the chance to reduce reliance on imported fuels. It's already happening. A recent report from the International Energy Agency found the biggest investors in clean technology are countries that rely on energy imports. "Some 70 per cent of the increased spending came from net fossil fuel importers," the IEA report stated. "This was led by China's drive to reduce reliance on oil and gas imports and exert leadership in new technology areas." Caroline Wang, the China engagement lead at the independent think tank Climate Energy Finance, said energy security was a driving force behind China's green energy ambitions, leading the country to install more renewables in recent years than the rest of the world combined. "China became aware that to ensure their national security, they needed to guarantee energy security… that's a main reason for their staggering build-out of renewables. "It remains a pillar of their strategic goals, to achieve energy security and reduce dependency on imported fossil fuels, especially [considering] all the conflicts going on," Wang said. Globally, the rise of electric cars is already having a material impact on the demand for oil, according to BloombergNEF's Leonard Quong. The peak in the world's oil use is expected by the end of this decade, although according to Quong's analysis, Donald Trump's re-election has pushed that date out by two years, as the US administration wound back significant government support and investments in electric transport. Australia is a laggard when it comes to electric car uptake, said Quong, with around 14 per cent of cars sold in Australia this year forecast to be electric or hybrid, much lower than international standards. "By our analysis in 2025, about one-in-four cars sold around the world is expected to come with a plug of some form — so it's either a battery electric vehicle or a plug-in hybrid," Quong said. "We expect about half of all passenger vehicles sold in China in 2025 to come with a plug with some form." On top of the low rate of new electric sales, the fleet turnover for cars in Australia is slow, with the average Australian car being 10 years old, meaning fuel independence is still a long way off. "Even if you get a significant amount of new vehicle sales in any given year, it will take time before we see a material shift in the amount of energy consumption or petrol that Australia might use," he said. Quong pointed to the federal government's new fuel efficiency standards as a policy that will improve EV sales, but he added "that the dependency will be there for quite some time if the policy doesn't ramp up or reach its goals". But individual Australians are already oping out of this system. More homes than ever are producing their own power through solar panels, then using that electricity to power their cars, loosening their dependence on foreign energy sources. So does that mean we are moving into a future of total energy independence? Some energy security experts are cautious about Australia trading one dependence — oil — with imported electrified technology like cars and solar panels, but Quong says even though vulnerabilities remain, there's a key difference. "When it comes to energy security from commodities like oil, you might have some reserves … but you need to continuously source new products," he said. "So you're continuously buying from the market every month, every quarter and every year. "When it comes to renewable technologies, once assets are built, they might be operating for 20 or 30 years, continuously producing power without any feed stocks required." In a fossil fuel-dominated world, the energy independence of countries relied on the dumb luck of the natural deposits encased below their surfaces. Electrification offers countries the chance to make more of these energy sources locally, as long as they have the manufacturing capabilities. The federal government's Future Made in Australia policy aims to do just that, by supporting the local production of critical minerals rather than shipping them to China to be refined and turned into the end-use product. Last year, clean technologies drove 10 per cent of China's GDP, highlighting the staggering potential of a combined economic and climate transformation. UQ's Vlado Vivoda wants to see Australia play a role in producing these future technologies to avoid depending on imported finished products, describing that as "risk exposure by a different name". "How do we strategically benefit from our contribution in these supply chains?" Dr Vlado said. "How do we make ourselves more available to other countries, but in a way that doesn't make us just a dig-and-ship type of economy, where we just produce stuff here, export it somewhere else, and then the money goes to London, Beijing, or whatever and we don't benefit from it at all?"
Sydney Morning Herald
19 hours ago
- Sydney Morning Herald
ASX Runners: Santa Fe, Energy World, Next Science and Loyal Metals
The close to the financial year impressively saw the ASX crack 8600 points on the index for the first time in history. The all-time highs were welcomed largely thanks to all four major banks forecasting a July interest rate cut, as soft data brought forward forecasts and added a potential second rate cut within the calendar year. All-time highs on the back of weak global economic data and geopolitical instability don't seem like the strongest foundation for markets. Regardless, materials stacked on most of the Aussie index's gains as the copper price hit US$10,000 (A$15,200) per tonne for the first time this year. The red metal has turned into one of 2025's hottest commodities plays, with huge global M&A and copper-gold raisings forecasting continued strength into the new financial year. Dominoes was the market's most notable loser. Its share price dropped nearly 25 per cent, after its recently appointed revolutionary CEO and managing director resigned. The surprise 'see ya later' left the market reeling, asking the remaining board 'what the heck just happened?'. Gold finished the financial year flat, as safe haven demand dissipated, ending a near six-month winning streak for the yellow metal. The precious metal remains at all-time high prices thanks to threats of United States President Donald Trump's returning Tariff War looming large for next week's market digestion. This week's Bulls N' Bears Runners, like the broader ASX, was dominated by the materials sector. Taking out top spot was a microcap minnow vanadium explorer turned West African gold hopeful, which snapped up a huge project from a big brother goldie in the booming region. Up 416% (3.1c – 16c) This week's Runner of the week was snatched by Santa Fe Minerals, which blasted off on Thursday after unveiling its acquisition of the Eburnea gold project in Côte d'Ivoire from Turaco Gold.
