Cadillac Escalade IQ EV has potential to be the shining star in GM's luxury SUV stable


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Cadillac has unveiled the 2025 Cadillac Escalade IQ, an electric version of its bestselling SUV.

The $130,000 Escalade IQ comes with 725km of driving range, Super Cruise driver assistance technology and fresh design language inside and out.

Cadillac has declined to specify how much the rig weighs, but a private preview on July 26 in Los Angeles indicated it could weigh as much or more than the 4,082kg GMC Hummer EV Pickup. Besides being about 5.7 metres long and 2.4 metres wide, the new Escalade is more than two metres tall with a ground clearance of about seven inches – slightly larger than the dimensions of the Hummer EV, with less clearance.

The Escalade IQ looks sleeker than its internal-combustion predecessor, like something that might serve as a tycoon’s town car rather than a truck for towing. It has an elegantly tapered, lower roofline, slim headlights shaped like icicles, and taillights stacked like piano keys. A storage compartment under the hood offers enough room for a pair of golf bags.

“The design brief was to create the ultimate luxury SUV,” said lead exterior designer of the Escalade IQ, Robin Krieg, who says he sought to reinvent rather than reiterate previous models. “We wanted to get away from the trucky, boxy feeling.”

The future of Cadillac

The Escalade IQ uses new architecture that General Motors has devised for its EVs, which the company calls its Ultium Platform. It follows the $58,590 Lyriq and precedes the forthcoming electric Celestiq, a $340,000, four-door hatchback aimed at snagging Rolls-Royce customers. The three represent part of GM’s effort to catch Tesla in the EV segment while revitalising the Cadillac brand.

GM has said it expects $50 billion in revenue from its EVs by 2025.

Much of the Escalade IQ’s engineering work focused on creating a smooth ride for its passengers in the gargantuan rig. Twenty four-inch wheels and 35-inch tires propelled by front and rear-drive motors work in an eAWD system.

Magnetic Ride Control and Adaptive Air Ride Suspension come standard; the latter lowers the vehicle two inches or raises it one inch at the press of a button. A Low Ride Mode enables the vehicle to be driven at low speeds with the suspension fully lowered, as might be needed for entering a parking garage, or merely to show off.

Two additional modes will especially suit the red-carpet types likely to step out from its confines – four-wheel-steering helps navigate tight spaces by reducing the turning radius up to six and a half feet; an optional Arrival Mode moves the SUV diagonally into and out of parking spots while the driver's hands are giving input on the steering wheel. The motion is similar to the crab-walk function that allows the Hummer EV to move sideways across loose dirt or sand – scampering that’s likely used most often to impress neighbours.

“It’s a little bit of peacocking,” Krieg said.

The Escalade IQ produces more than 200 kilowatt-hours of available energy and will charge to 160km of range in 10 minutes when using 800-volt DC fast-charging, according to company estimates. It boasts 750 horsepower, 785 pound-feet of torque and a 0 to 100kph sprint of less than five seconds.

Cadillac rates its towing capacity at 3,630kg, but its polished exterior, comfortable interior and hefty price tag make it better suited for a drive down Palm Jumeirah rather than the UAE desert.

On the inside, a curved 55-inch LED display dominates the dashboard and offers infotainment that includes Google Maps, Google Play, hands-free communication, traffic updates and space for downloaded apps.

The executive second-row seating package includes two pilot chairs behind the front seats, tray tables that can be stowed, 12.6-inch personal entertainment screens, a rear command centre, wireless phone charging, USB-C ports, headrest speakers and heated seats that provide massages. A third row of seats can be used to bring the vehicle’s passenger total to seven or rendered flat for additional storage.

Cadillac offers no leather options for interior seating; rather, the Escalade IQ is lined with synthetic materials made to proffer the feel of leather, with a representative for the brand citing concerns about sustainability.

A panoramic fixed-glass roof comes standard, with no alternative options; it’s tinted and treated with a UV-filtering film that reduces heat in the cabin. An internal sunshade that clips into the headliner to provide additional cover is available.

Jewel in the crown?

Cadillac has long led in the large luxury SUV segment, registering about a quarter of market share thanks to its highly profitable Escalade sales. The average transaction price for an Escalade is $112,478, whereas the average price of vehicles sold across the Cadillac brand is $70,000, according to research from Cox Automotive. In the second quarter of 2023, Escalade sales jumped to 7,265 vehicles, a 35 per cent gain over the same period last year.

The company struggled with producing its first electric SUV, the compact Lyriq, and has delivered only 5,000 total since it debuted in 2020, even as GM brass boasted last year that it could produce 200,000 annually. The Escalade IQ’s developers point out it will be built at a separate plant, with a different production plan. “We have certainly learnt from other programmes,” Mandi Damman, Escalade IQ’s chief engineer, said.

Production of the Cadillac Escalade IQ will commence in summer next year.

How to improve Arabic reading in early years

One 45-minute class per week in Standard Arabic is not sufficient

The goal should be for grade 1 and 2 students to become fluent readers

Subjects like technology, social studies, science can be taught in later grades

Grade 1 curricula should include oral instruction in Standard Arabic

First graders must regularly practice individual letters and combinations

Time should be slotted in class to read longer passages in early grades

Improve the appearance of textbooks

Revision of curriculum should be undertaken as per research findings

Conjugations of most common verb forms should be taught

Systematic learning of Standard Arabic grammar

Breast cancer in men: the facts

1) Breast cancer is men is rare but can develop rapidly. It usually occurs in those over the ages of 60, but can occasionally affect younger men.

2) Symptoms can include a lump, discharge, swollen glands or a rash. 

3) People with a history of cancer in the family can be more susceptible. 

4) Treatments include surgery and chemotherapy but early diagnosis is the key. 

5) Anyone concerned is urged to contact their doctor

 

Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Updated: August 14, 2023, 10:47 AM