It's a Cadillac but not as we know it - the all new ATS is perfectly able to play the establishment at its own game on road and track. Courtesy of Cadillac
It's a Cadillac but not as we know it - the all new ATS is perfectly able to play the establishment at its own game on road and track. Courtesy of Cadillac

All new Cadillac ATS shows determination and hard work pay off



What's in a name? Most of us are blissfully unaware of how a great many car companies came to be given their names, yet Cadillac, that so-American-it-hurts purveyor of big, luxurious automobiles, was named after a French explorer, Antoine Laumet de la Mothe, Sieur de Cadillac. Why? Because he was the founder, in 1701, of Detroit, the home of the American car industry. I like facts like that.

Cadillac was one of the companies that emerged from the ashes of the Henry Ford Motor Company when its namesake went his own way, and was swallowed up by a young General Motors in 1909, just seven years after it was formed, becoming GM's prestige brand. And things have remained the same ever since, with Cadillac being viewed by millions of Americans as the absolute be-all-and-end-all when it comes to automobiles. Yet, if we're being honest, they haven't always been all that good, have they? Sales in Europe have been pitiful, although China, the Middle East and, naturally, the United States, have bought into the brand in a big way over the years. But now GM is wanting a slice of that Euro action and it thinks it has a car that will appeal, not only to its traditional markets, but also the territories dominated by the likes of BMW's 3 Series and Merc's C-Class.

"The most important car Cadillac has ever launched." For a company that was founded 110 years ago, that's some statement, but GM's top brass is adamant that, in the new CTS, they have, at long last, produced a genuine rival to steal precious sales from the aforementioned German hierarchy. And it would appear that midnight oil has been burnt and homework has been done, because the amount of effort and sheer determination shown by these guys is extraordinary.

Putting its money where its mouth is, Cadillac has assembled a group of motoring journalists from all over the region, gathering us together at Abu Dhabi's Yas Marina circuit, where my contemporaries and I are to put the all-new ATS through its paces. Whenever I hear that a new model is to be demonstrated here, I normally have to stifle some pretty big yawns because mere track work alone cannot tell anyone enough to write a meaningful review. Normally, we're stifled by strictly enforced 120kph speed limits and have to drive the circuit in convoys of 10 or more cars, but today is different. Today we can really go for it.

We're to drive this - the smallest Cadillac on offer - on the south circuit, which is normally out of bounds on events such as this because it's a tight, extremely challenging section that has exposed the inexperience of plenty of drivers and resulted in some very expensive fender benders, to use American parlance. But first there are a couple of hours to try it for size on some of Abu Dhabi's most out-of-the-way roads.

Before I discuss what it's like, it's worth considering for a moment just how much work has been put into this car. Robert Kotarak, Cadillac's global vehicle performance manager, takes me through some of the highlights before hopping in the back to talk as we drive. Kotarak leads the team that engineered and tuned the ATS and, as he points out, there was a huge amount of pressure to get the car feeling and performing as a BMW rival should.

"We have an entirely new car here," he says with an evident pride, "and we first and foremost set out to make a car that was dynamic and huge fun to drive." This, he points out, meant benchmarking against cars that dominate the marketplace for mid-size saloons, namely the aforementioned 3 Series and C-Class, both of which are as well resolved as you'd rightly expect a car to be. So, with the bar set as high as it gets, the team had to get out of the US for a significant period of time.

"Yeah," concurs Kotarak, "we set up camp at the Nürburgring Nordschleife in Germany. We reasoned that that is where our rivals hone and perfect their vehicles and that we needed to do the same if we were to have a hope of competing." He's right, too, because that fearsome racetrack has a well-deserved reputation for being the toughest in the world - 20.81km of twisting, undulating, terrifying tarmac that has seen better days. For a car to set a new lap record there is all the world needs to know when making up its mind as to its merit and, for a US manufacturer so often derided over the decades for making cars that can't take corners, the 73 bends of the Nordschleife would make any handling flaws immediately, and embarrassingly, apparent.

The CTS engineers weren't just based in that stunning region of Germany - they were all over the planet, testing in extremes, whether they be roads, tracks or laboratories.

"We threw our all into this," says Kotarak as we take our seats, and now it's time to see if all this hard work has resulted in an American car the hard-to-impress Europeans can take seriously as a driving enthusiast's choice over the establishment.

I have to say, at the outset, that this is by far the most visually appealing Cadillac in the range. It tones down some of the more challenging lines and angles of the startling CTS and XTS models, yet still manages to look distinctive and, in the right colour with the right wheels, quite elegant, classy and nicely understated. And that theme continues to the interior, where high quality materials and a superb fit and finish abounds. "If you see carbon fibre trim, it's real carbon fibre," quips Kotarak. "If you see wood, it's real wood - we had to make sure the cabin ambience was the real deal."

And it does seem to be. With quality switchgear, a nicely laid out dashboard and very comfortable seats, there's very little to moan about. Initial signs are positive but these frills will mean nothing if the drive is wallowy or uninspiring, so we head for the open road.

I've plumped for the current range-topper, the 3.6L V6 (the other one is a 2.5L four-pot), which has plenty of potential, with 321hp on tap, as well as 373Nm of twist. It sounds good, too, when you give it some throttle, with a muted yet quite satisfying growl. There's plenty of urgency, as you would expect, but it's when I speed up to an obviously empty roundabout that I can really feel the results of all that honing and refining. Hard on the brakes, as I enter the turn, I floor the throttle and the ATS goes around it as though it wasn't there - flat, composed and eager to press on when the road straightens. Kotarak holds on tight in the back but there's no panic in his eyes - he of all people should know what this car is capable of.

The car continues to impress. The trademark refinement of the brand has remained intact, at least in this Magnetic Ride Control equipped V6. Kotarak tells me the ATS is riding on run-flat tyres - a pet hate of mine because they blight BMW's ride comfort on anything other than the smoothest surfaces - yet in this car I would never have guessed it. The steering, too, feels perfectly weighted, with plenty of feel yet nothing in the way of harshness. So far I'm mightily impressed with the ATS, but a quick car change to the four-cylinder model might undo some of that…

As expected, it doesn't match the 3.6L for performance, but it's the ride that disappoints in comparison. It sits on standard suspension and it transmits far more in the way of roughness into the cabin, which is still nicely appointed, by the way. It weighs less than the 3.6, so it's still nippy, but it does sound a bit thrashy when I get on the power. After a few minutes of this, we're back at Yas, so I need to spend more time with this model to really get a feel for it. Now, though, there's a properly scary section of racetrack to be dealt with, and there's obviously only one model suitable, so it's back into the V6 I go.

With a pace car up front, I head out of the pits and onto the famous circuit, still wondering if a Cadillac can really pass muster on an unforgiving section of track. The driver up front is communicating via radio, and immediately puts his foot down, encouraging me to keep up, thankfully offering guidance through each of these incredibly tight corners. I'm surprised at how fast I'm encouraged to drive and, as lap follows lap, even more surprised at how effortless the ATS makes everything seem.

The automatic gearbox is in sport mode, which means I can use the steering wheel paddle shifters to swap ratios, and it feels every bit as sorted as the German offerings, inspiring confidence and allowing driver to feel in control. The Brembo brakes wipe off speed with contemptuous ease, too, and remain fade free, even after dozens of foot-down, flat-out laps.

I head back to the pit garages and wait while everyone else goes through the same exercise and, after an hour or so, am summoned to try it again, this time with an instructor at my side and no pace car. Now I'm familiar with the track's layout, the opportunity is here to really explore the handling, so off we go.

Again, the ATS simply gets on with the job in hand, displaying not only its high turn of speed and epic brakes, but its total composure in turns that would have other machines rolling around like ocean liners. It's brilliant, and a credit to the various teams that worked so hard to pull this off.

"Built to take on the world's best" says Cadillac's marketing blurb and, for once, it's an accurate reflection of reality. And, while I cannot put hand on heart and say that it's actually better than a BMW 335i, it does make a case for itself as a worthy alternative choice. When you consider, too, that the ATS comes loaded with kit that would have the BMW's price spiralling upwards and out of control, the Cadillac is an absolute bargain, starting, as it does, at Dh175,000 for the V6. You know something? I reckon the Euro sceptics will actually "get" this car and I leave Yas Marina a changed man. If GM can keep this up then the future for that auto colossus is very bright, indeed. A job well done.

In numbers: PKK’s money network in Europe

Germany: PKK collectors typically bring in $18 million in cash a year – amount has trebled since 2010

Revolutionary tax: Investigators say about $2 million a year raised from ‘tax collection’ around Marseille

Extortion: Gunman convicted in 2023 of demanding $10,000 from Kurdish businessman in Stockholm

Drug trade: PKK income claimed by Turkish anti-drugs force in 2024 to be as high as $500 million a year

Denmark: PKK one of two terrorist groups along with Iranian separatists ASMLA to raise “two-digit million amounts”

Contributions: Hundreds of euros expected from typical Kurdish families and thousands from business owners

TV channel: Kurdish Roj TV accounts frozen and went bankrupt after Denmark fined it more than $1 million over PKK links in 2013 

BACK%20TO%20ALEXANDRIA
%3Cp%3E%3Cstrong%3EDirector%3A%20%3C%2Fstrong%3ETamer%20Ruggli%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENadine%20Labaki%2C%20Fanny%20Ardant%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%20%3C%2Fstrong%3E3.5%2F5%3C%2Fp%3E%0A

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.”