Though General Motors overall has shown some ambivalence about the pace of electric vehicle introductions—first canceling the entry-level Bolt, then reinstating it last year (though for an undisclosed date)—Cadillac is all in.
To prove it, the company is introducing a full range of new plug-in models in top-to-bottom market segments. Luxury is definitely covered. GM sold just over 75,000 electric vehicles last year, up 93% from 2022. The Cadillac electric line currently includes the Lyriq (a luxury-minded SUV that starts at US$57,195); Escalade IQ (a very fancy three-row that, later this year, will start at US$130,000); Celestiq (an ultra-luxurious limited-edition sedan, starting at US$350,000); and Optiq (an entry-level electric SUV for 2025, slotted below the Lyriq), starting around US$45,000. And let’s not forget the forthcoming 2026 Vistiq, a three-row SUV to complement the iQ. No price yet. And did you notice they all end in “IQ”?
Cadillac sold approximately 9,000 Lyriqs in 2023, with 3,800 of them moving in the last quarter. That made the Lyriq the best seller among electric compact luxury SUVs. Admittedly, a few qualifiers there: The Lyriq is also offered in China, and sales there climbed 60% in 2023.
Departing from the IQ convention is a new show car, the Opulent Velocity, which Cadillac has only shown in a teaser photograph and video. In the latter, a blurred image of the car races past. Speculation is that it will be a luxurious sedan like the flamboyantly styled Celestiq, but possibly more conventionally designed and with an emphasis on performance.
The Opulent Velocity concept car is in part a celebration of Cadillac’s V-Series, which presents performance versions of popular models. Recent offerings include the 2025 CT5-V and CT5-V Blackwing. These are brute-force supercharged V8 sedans. The US$96,000 Blackwing version produces 668 horsepower and 659 pound-feet of torque, coupled to a (rare these days) six-speed manual or 10-speed automatic.

Cadillac
Phil Dauchy, global head of brand strategy and international marketing at Cadillac, points out that the company’s performance series is now 20 years old.
“The V-Series cars perform at the top of their segments,” Dauchy says, adding that the V-Series nomenclature will remain as the brand goes electric. But the EVs with lots of power are already there. “If you buy a Lyriq Sport all-wheel drive right now you get a car with more than 500 horsepower,” he says.
The electric lineup now is heavy on SUVs, but Dauchy says that Cadillac’s current CT4 and CT5 sedan models are performing very well in the marketplace. “There is a significant piece of the luxury market that is sedans, including in China,” he says. “Cadillac remains dedicated to its sedan lineup.”

Cadillac
Dauchy declined to say how many people have bought those pricey Celestiqs. “It’s not about the sales numbers, though we have an internal sales goal,” he says. “We intend to produce fewer than we can sell. We want a vehicle that is hard to get. We also want a unique buying experience, with prospective buyers coming out to the Cadillac House in Warren, Michigan and choosing colours and fabrics and working with a concierge.” This bespoke approach has worked well for other luxury brands, from Rolls-Royce to Maserati.
Spokeswoman Stephanie Obendorfer says the concept will not be featured at the New York International Auto Show , which runs through April 7. “We look forward to sharing more details on Opulent Velocity later this year,” Obendorfer says.
Specialised venues—such as the recent Amelia Island and Audrain concours events—are a better fit for showing exclusive cars like Opulent Velocity, Dauchy says.
All of Cadillac’s new models will be electric going forward. Internal-combustion cars will remain in the lineup until the end of the decade. But the pursuit of performance remains. EVs today are the world’s fastest cars off the line, even if they don’t always excel at top speeds. The Celestiq, though its emphasis is on luxury, reaches 60 mph in 3.8 seconds, and its two electric motors produce 600 horsepower and 640 pound-feet of torque.
For Central Element, the start of work at Pearl represents another step in the company’s growing eastern suburbs pipeline.
All three vehicles will form part of a broader charitable initiative benefiting Big Brothers Big Sisters of America, the American Red Cross and Starlight Children’s Foundation
Randy Boyagoda’s new novel, “Lords of Serendipity,” delivers a biting satire of cheating, politics and dysfunction across modern universities.
Administrative cowardice. Rampant cheating. The soaking and scamming of undergrads and grad students. Performative wokeism. Intensifying competition for international tuition dollars from an expansive China.
These are either the latest dire headlines about American higher ed or the myriad subplots of “Lords of Serendipity,” an ambitious new novel by Randy Boyagoda. Unlike most campus fiction, its scope extends well beyond the cloister of the liberal arts classroom to whammy the entire university system, from its financial model to its function within a globalized economy. Along the way, it skewers its lightning-rod targets with a precision too sharp to be considered entirely fictional.
That its author is not only well-versed in satire, having written four other novels in the genre, but is also a professor of English at the University of Toronto and an experienced college administrator, further blurs the lines between comic fiction and brutal fact. It’s the kind of no-holds-barred book only a consummate insider would know to write—but only one who is also conveniently outside the American university system could get away with writing.
“This is someone who’s got the inside dope on what can go on at universities, especially with international students, and what kind of con games are going on,” said Margaret Atwood, a friend and fellow Torontonian.
The novel, like Boyagoda himself, is often very funny—even as the dilemmas its characters face read as tragedy. Its cast includes the bickering members of a Sri Lankan hotel cleaner’s family, insecure American freshmen, dead-end third-tier college professors and their highflying Ivy League counterparts and dispirited university functionaries. An old-fashioned Dickensian tale, it sweeps across continents and campuses, from a classic liberal-arts college to a stand-in for Harvard University to an urban technical school to the dilapidated buildings of a state-run university in Sri Lanka.
“I’m a joyful person,” Boyagoda said in an interview, though he prefers to see his outlook on academia as “hopeful” rather than optimistic. He smiles and laughs frequently. He bikes everywhere. He derives energy from his students and from his four daughters, ages 14 to 20. They help him and his American wife, Anna, also an educator, care for Boyagoda’s father, an immigrant from Sri Lanka who has dementia and lives with the family.
The germ of the novel came to Boyagoda during the pandemic, when he was serving as a vice-dean. An urban legend was circulating about a statistics grad student selling passing grades to international students. The cheating scheme itself may well have been apocryphal, but it felt tantalizingly plausible.
“As a novelist, it stayed with me,” Boyagoda said. “Who would sell grades for a stats course? Why would someone buy grades? What’s motivating them? Why wouldn’t the university be doing something about it?” What he didn’t want to do, he explained, was write “another novel about a creative writing professor and his drama with students.”
In addition to writing novels—the first of which was a finalist for Canada’s prestigious Giller Prize; he’s written eight books in total—Boyagoda teaches literature full-time. For his students next semester, kids raised in a purportedly “post-literature era,” he’s assigning three 700-page novels, he noted mischievously, books by George Eliot, Ralph Ellison and Kiran Desai.
On RateMyProfessors, students remark on Boyagoda’s heavy assignments, tough grading and distaste for cellphones, but also hail his “comedy.” When alerted to these reviews, Boyagoda laughed. “Guilty as charged,” he said.
“Randy’s one of those people in academia who is very well educated but doesn’t have an ounce of superiority about him,” said John Irving, who frequently guest lectures in Boyagoda’s classroom. “It’s amazing to see how willing students are to talk in his classrooms, how little afraid they feel of being mocked or put down—he gets complete candor out of them.”
Negotiating competing interests seems to come naturally to him. Like many college campuses, after the Oct. 7 Hamas attack on Israel, the University of Toronto was embroiled in protests, encampments and discord; part of the school’s response was to convene a working group on civil discourse. Boyagoda was put in charge, serving for two years. It’s the kind of thankless task many professors would flee from, but Boyagoda relished the prospect and thinks the group, which is ongoing, made progress.
He has since pivoted to another formidable academic concern: the waning prestige of the humanities. In July, Boyagoda became the director of the Jackman Humanities Institute and special advisor on the humanities to the dean of arts and science. This fall, he is starting a series of gatherings he calls the Dead Book Club. (Dead writers feature heavily among his favorites: St. Augustine, Dante, William Faulkner, Evelyn Waugh, Saul Bellow.)
“The goal is to encourage students to read for its own sake and have conversation for its own sake,” Boyagoda said. “The importance of the humanities will be revealed to those who participate.”
“Lords of Serendipity,” which publishes next week, reflects Boyagoda’s commitment to the pursuit of knowledge: “I’m supposed to say I learn more from my students than they do from me, but no,” Boyagoda said. “I enjoy sharing my excitement and joy about literature and ideas. There are these moments when you are teaching and you can see someone’s face change because they didn’t know something and then they did. That moment when you’re actually watch someone enlarge themselves is deeply satisfying.”
In literary circles, Boyagoda is often referred to as a Catholic novelist, a description he embraces. “A novelist willing to give shape and voice to contemporary religious experience is needed,” Boyagoda said. “I understand myself as a Catholic novelist, provided that I’m not only a Catholic novelist, I’m also a South Asian novelist and I’m a Canadian novelist. I don’t want to be captive to one label.”
His characters, he said, are subjected to what he calls “Graham Greene character situations.”
“They are trying to do good in a fallen world and realize the most they can do is less harm than someone else would do in that same role,” he explained. “They have to accept they are complicit in something that provides some good thing to others. It’s a very Graham Greene way of thinking about sacrifice.”
The campus green they inhabit is a febrile zone in which lofty ideals and cynicism regularly collide. It’s a place where a traditional holiday college celebration is now an occasion for political protest. Kids freely police one another inside and out of the classroom with social media their constant, ready weapon of choice. International students, knowing their family’s financial futures hinge on their degrees, operate in terror of failure and deportation.
Early readers of the book include Gary Shteyngart and Junot Diaz, both of whom have taught at universities and written comic novels. They each contacted Boyagoda midway through to say, in essence, “You nailed it.”
As biting as “Lords of Serendipity” can be, Boyagoda’s faith in higher education remains undaunted.
“It’s absurd that we live in societies that make the decision to take people between the ages of 18 and 22, when they are most physically capable of contributing to our nations and communities, and tell them, ‘Go away for four years, and read and learn and have conversations,’” he said. “I want students to be aware of what an incredible privilege that is.”
Corrections & Amplifications
Randy Boyagoda is a special advisor on the humanities to the dean of arts and science at the University of Toronto. An earlier version of this article incorrectly said he is a special adviser to the dean of humanities. (Corrected on Sept. 2)
Two coming 2027 models – the first of the “Neue Klasse” cars coming to the U.S. early next year – have been revealed.
Set on one of the city’s last absolute riverfront sites, The Riversdale by Mosaic combines irreplaceable waterfront ownership with one of Brisbane’s most significant residential opportunities.











