I was watching the news the other day here in Detroit....they reported that a Cadillac Escalade was stolen.  How is that possible with Passkey III?  Can this system be easily by-passed??
 
Did they mention whether it was towed away or broken into? 
No security measure is inviolate. 
 
 
OMG a stolen Escalade!!! no way!  they steal them all the time, mostly for the wheels and front end. i must see at least 1 a week, 90% with the ignition smashed, missing the wheels and front end. 
 
 
i was told by our state farm insurance adjuster how to steal new GM trucks and SUV's. we where talking about a stripped 07 trailblazer that came in. im not going to say how they steal them, but the only tool is a pair of channel locks.  they just drive off in them, the truck thinks it has a key. 
 
cars are not hard to steal by any means, a little skill and its gone. if its a really high end car they just take it with a tow truck. if they really want your car the will get it.
http://registry.gmenthusiast.com/images/my2005cav/my%20car%20the%20bash.jpg