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Laugh about the Lib Dems’ skills wallet all you like, but we’re all going to want one

first_imgThat’s a pity, because name aside, the Lib Dems are spot on.  Laugh about the Lib Dems’ skills wallet all you like, but we’re all going to want one whatsapp whatsapp Opinion Labour has an even more ambitious plan: six years of free education for all adults, to enable everyone to study and retrain when necessary at any age. So if businesses are struggling to recruit now, how on earth are they going to be able to function if nothing changes? Photo: Harry Parvin Their idea centres on adult education. Every UK citizen would get an allowance of £10,000, paid in installments at various ages, to be spent on education and training throughout their lives. There are some significant issues to iron out with both these policies.  This isn’t an election gimmick — it’s the only way to ensure that Britain’s workforce remains fit for the future. So laugh about the skills wallet all you want, but in a decade’s time, we are all going to wish we had one. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeDaily FunnyFemale Athlete Fails You Can’t Look Away FromDaily FunnyNoteableyJulia Robert’s Daughter Turns 16 And Looks Just Like Her MomNoteableyMisterStoryWoman files for divorce after seeing this photoMisterStoryzenherald.comDolly Finally Took Off Her Wig, Fans Gaspedzenherald.comPast Factory4 Sisters Take The Same Picture For 40 Years. Don’t Cry When You See The Last One!Past Factorybonvoyaged.comThese Celebs Are Complete Jerks In Real Life.bonvoyaged.comNinjaJournalistMichael Jordan’s Divorce Settlement Has Finally Been Revealed.NinjaJournalistDefinition24 Of The Most Hilarious Yard Signs Ever WrittenDefinitionBetterBe20 Stunning Female AthletesBetterBe City A.M.’s opinion pages are a place for thought-provoking views and debate. These views are not necessarily shared by City A.M. Even the most skilled 21 year olds today can expect to be redundant by halfway through their working lives if they are not able to retrain. And that’s to say nothing of those leaving school without employable qualifications right now.  Main image credit: This Is Engineering Everyone is going to have to retrain, probably multiple times. And our educational landscape is going to need to adapt to reflect this culture of constant learning. We can argue the details, and your view will likely be influenced by your political ideology. But what is not up for debate is that, for the sake of the economy and the fabric of our society, some kind of lifelong learning provision is vital.  On the other hand, the workers that we have do not have the skills they need. The OECD estimates that up to 42 per cent of the UK population will need to retrain in the next decade to stay relevant, but that’s probably an understatement. How can we expect teenagers to predict the skills they will need in the future when we have no idea what the jobs will be?  Labour has priced the proposals at £3bn per year — which, while substantial, does not seem nearly enough, considering that each university cohort costs the taxpayer £8.5bn already, according to the Institute for Fiscal Studies. Expect costs to spiral It is hard to think of a more unsexy name for a policy than the “skills wallet”. Juxtaposing two profoundly unexciting terms (as policy areas go, there’s nothing fun about skills, and “wallet” is the kind of word that starts to sound wrong if you say it in your head too many times), the Liberal Democrats’ announcement this week was never going to cause much of a stir, except to be sniggered at by mocking journalists. With these demographic and technological shifts in mind, the idea that someone could study at school until they were 18, do three years of university or vocational training, and then be fit for a lifetime in the workforce is utterly ludicrous.  Of course, whether this retraining is organised by the government (via Labour’s lifelong learning scheme, out of general taxation), businesses (via the current apprenticeship levy, whereby firms can — theoretically — tap into levy funds to upskill their employees), or individuals themselves (via a skills wallet like the Lib Dems are offering) requires further discussion.  Still, what both of these proposals get right is that adult learning can no longer be considered an afterthought tacked on to “proper” education policy; it is a core part of education policy — and business and economic policy too, come to that. As Lib Dem detractors have been quick to point out, £10,000 barely covers the first year of university tuition fees, so is hardly sufficient for a lifetime of learning.  Labour’s policy, meanwhile, looks wonderful until you consider both the bureaucratic hurdles of implementing it (who decides what courses are eligible, what kinds of institutions will offer them, and how do we hold them to account?), and the seismic costs to taxpayers.  Lifelong learning, in other words, will be critical for all of us. And expecting individuals to shoulder the entire financial burden themselves, at a time of insecurity when they’ve just become unemployable, is not sustainable, from the point of view of businesses or social mobility. Friday 15 November 2019 4:58 am Rachel Cunliffe Look at the demographics. A 2009 study found that, if the current trend continues, over half the babies born in developed countries from 2000 can expect to live to 100. The first person to live to 150 years old has probably already been born.  On the one hand, Britain faces a skills crisis. The CBI’s London Business Survey this year found that 74 per cent of companies cited attracting and retaining talent as their top policy priority, while according to vocational education charity The Edge, skills shortages cost UK businesses £4.4bn per year.  While adult education has for decades been considered a backup plan by various governments, with the emphasis placed firmly on getting as many young people as possible into universities, we simply do not have that luxury anymore.  Share This isn’t a class issue, or a matter of ideology — it’s fundamental to future-proofing our society. And as longevity rises, retirement ages are likely to increase too. Even if we don’t all make it to 100, most of us can look forward to at least five decades in the workforce — a workforce that is changing rapidly, with constant progress in automation and artificial intelligence fundamentally changing how we work and the skills we need to stay relevant. last_img read more

Consumer confidence edges up after hitting record low

first_imgMonday 27 July 2020 12:07 am Consumer confidence edges up after hitting record low Oaten continued: “With the possibility of an economic downturn and a second wave of the virus, consumers will probably remain cautious about their discretionary spending as they wait and watch.” Net spending intent among Brits for the next three months is highest in the restaurant and going out categories, up quarter-on-quarter by 65 and 60 percentage points respectively. Share Many Brits used the lockdown period to boost their savings, while government-backed furloughing protected a large proportion of individual earnings. Consumer confidence at the end of the second quarter climbed just one percentage point to minus 17 per cent, up from a record low in the first quarter. More From Our Partners Biden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comPuffer fish snaps a selfie with lucky divernypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.org (AFP via Getty Images) Also Read: Consumer confidence edges up after hitting record low Emily Nicolle whatsapp Confidence in job security and career progression sentiment also fell, dropping down 13 points (to minus 20 per cent) and 21 points (to minus 22 per cent) year-on-year respectively. Consumers in the UK are emerging from the last three months in a slightly more positive mood, a closely-watched industry gauge showed today, with plans to start spending again. However while 31 per cent of consumers said they would visit pubs and coffee shops within a month of reopening, the figure is lower for restaurants (22 per cent) suggesting recovery may come later in the year. Meanwhile a slower recovery in the travel industry is predicted, as intended spending on holidays and hotel stays is stuck in negative territory at minus three per cent. It is yet to reach the same level as this time last year. (AFP via Getty Images) Also Read: Consumer confidence edges up after hitting record low Show Comments ▼ whatsapp “Social distancing may slow recovery but, after many months at home, the jump in consumers wanting to drink out again suggests many are seeking a taste of ‘normality’,” said Simon Oaten, partner for hospitality and leisure at Deloitte. “Following a huge contraction in March and April, activity is seeing a post-lockdown bounce,” said Ian Stewart, chief economist at Deloitte. (AFP via Getty Images) Household disposable income sentiment reported an 11 percentage point rise, returning to the same level as this time last year according to the Deloitte Consumer Tracker. “However, with confidence about the economy at record lows and high levels of concern about jobs and health, consumer spending is unlikely to return to pre-pandemic levels until next year at best.” However caution remains, as sentiment around state of the economy fell a further 17 percentage points from the previous quarter to minus 88 per cent. (AFP via Getty Images) Also Read: Consumer confidence edges up after hitting record low As such consumers are preparing to part with their cash over the next three months, with intended clothing and footwear spending rising 43 percentage points on the previous quarter.last_img read more

Tata Steel targets construction market with new lighter product

first_img Share whatsapp whatsapp Tata Steel targets construction market with new lighter product Show Comments ▼ Tags: NULL Wednesday 4 February 2015 7:55 pmcenter_img TATA Steel yesterday launched its “new super” steel, Celsius 420, designed to be 17 per cent lighter than conventional steel and aimed primarily at the construction industry. The decrease in weight will allow constructors to use smaller foundations and save on costs and time by requiring fewer temporary structures, in addition, the new steel is far easier to weld. The new steel, which is currently undergoing customer trials, is made in strip at Tata’s mills in south Wales before being fashioned into hot-finished tubes at the company’s Hartlepool and Corby mills. Henrik Adam, Tata Steel’s chief commercial officer in Europe, said: “In Celsius 420 we’re bringing to market an entirely new range of hot-finished hollow structural sections that we think is in a class of its own.The new Celsius 420 range of circular, square, rectangular and elliptical hollow sections entered production late last year and is currently undergoing customer trials.The company, Europe’s second-largest steelmaker, entered talks last year to sell some of its largest steelmaking operations in Britain, including its long products division, to Geneva-based Klesch Group.Shares in the company gained 2.13 per cent on the product announcement. Express KCS Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeHealthyTed Health Magazine10 Surprising Benefits of Bananas You Possibly Didn’t Know AboutHealthyTed Health MagazineAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsNext RefinanceThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryNext Refinancezenherald.comArchie Issued New Birth Certificate After Harry’s Title Revokedzenherald.comTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island FarmMisterStoryWoman files for divorce after seeing this photoMisterStoryAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorGundry MDTop Doc: Simple “Trick” To Help Fight FatigueGundry MDElite HeraldKate Middleton Just Dropped An Unexpected Baby BombshellElite Heraldlast_img read more

Retail sales unexpectedly slip as sales of petrol plummet

first_img Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofCheese Crostini: Delicious Recipes Worth CookingFamily ProofHomemade Tomato Soup: Delicious Recipes Worth CookingFamily ProofChicken Bao: Delicious Recipes Worth CookingFamily ProofWhat is ‘Ranked-Choice Voting,’ the New System for New York’s MayoralFamily ProofBaked Sesame Salmon: Recipes Worth CookingFamily Proof whatsapp Tags: NULL whatsapp Retail sales unexpectedly slip as sales of petrol plummet Share Thursday 23 April 2015 6:29 am Show Comments ▼ The easter bunny failed to lift retail sales which unexpectedly fell last month amid falling sales from petrol stations, adding to the mixed picture currently being painted for the economy.Retail sales fell 0.5 per cent in March from a month earlier, as petrol stations said sales slipped by 6.2 per cent, according to data released today by the Office for National Statistics. And city economists were left surprised, with many expected a rise of 0.4 per cent. “It had seemed likely that Easter being right at the start of April would lift sales in March,” Howard Archer, chief economist at IHS, said.Economists are keenly awaiting the release of figures  first quarter gross domestic product next Tuesday, However city economists are now looking to the release of first quarter gross domestic product next Tuesday, with many expected growth to have slowed from the previous quarter.”Concern that gross domestic product growth could have slowed appreciably in the first quarter of 2015 has been fuelled by disappointing industrial production … construction output data for February as well as weaker trade data,” Archer said. Jessica Morris last_img read more

Ex-Thomas Cook boss Harriet Green to donate £3m in shares to charity

first_img Show Comments ▼ whatsapp Former Thomas Cook boss Harriet Green has said she’ll donate a third of her forthcoming share award to a charity chosen by the parents of two children who died in one of its hotels Corfu in 2006.”I have now reached out to the parents of Bobby and Christi Shepherd,” she told Reuters. “On the basis that Thomas Cook are due to give me seven million shares in July, I have told the parents that I will donate one third of that seven million to a charity of their choice.”Robert and Christianne Shepherd died from fumes leaked by a faulty boiler at the Louis Corcyra beach hotel – booked through Thomas Cook.The holiday firm was cleared of responsibility in 2010 and awarded damages against the hotel’s owner. However, an inquest found last week it had “breached its duty of care”.The company was also roundly condemned for winning £3m in compensation over the deaths, later donated to charity, while the parents received £350,000 each.Green stepped down in November after two years at the helm of Thomas Cook and had been set to collect seven million Thomas Cook shares – worth £1.47 each – under a pay deal struck in 2012. However, there’s since been pressure to review her £10.5m payout amid mounting criticism over the group’s handling of the tragedy. Business leaders heaped criticism on the company with influential business group the Institute of Directors (IoD) saying “those of us who champion business need to be critical when companies mess up”.Meanwhile consumers threatened to boycott the company, while leading parents’ website Mumsnet pulled Thomas Cook adverts from the site after a backlash from users. Ex-Thomas Cook boss Harriet Green to donate £3m in shares to charity whatsappcenter_img Share Jessica Morris Wednesday 27 May 2015 12:24 pm Tags: Company Thomas Cook Grouplast_img read more

The Square Mile salutes all those who served the country

first_imgTuesday 29 September 2015 5:24 am Show Comments ▼ The Square Mile salutes all those who served the country whatsapp Express KCS Thursday saw the City’s great and good come together once again to raise a glass and funds for those who put their lives on the line for us.  A little matter of a Black Cab demonstration nearby was not going to deter those who had secured their ticket and Guildhall played host to 400. They enjoyed a canape and caviar reception with Gusbourne sparkling wine, sponsored by BaxterStorey and hosted by Monica Galetti, followed by a four-course banquet created by The Birley Clubs, featuring signature dishes from Harry’s Bar, George, Mark’s Club and Anna­bel’s. City guests were joined by veterans from conflicts including WWII Stalag Luft III PoW Charles Clarke and “Guinea Pig Club” member Sandy Saunders, pilot and beneficiary of what was then pioneering plastic surgery treatment for burns injuries; through to current day veterans – and some canine partners, who proved irresistible to reporter Kate Adie. Kate Adie (R) and Hounds for Heroes founder Allen Parton (L) with canine friends (Source: Alex Macro/Roy Strutt) The evening’s host was Cassidy Little, Afghan veteran and amputee who along with a semi-disrobed Andy Pryce-Dyer took the audience through a graphic description of the potential impact on the body from an encounter with an Improvised Explosive Device. While delivered in a light-hearted manner, the gravity of the message was not lost. General Sir Peter Wall former Head of the British Army (Source: Alex Macro/Roy Strutt) Key-note speaker General Sir Peter Wall encouraged all to support the five beneficiary charities and thanked the City for its continued commitment to the Armed Forces Community. This year’s charities are: The Royal British Legion; The Royal Navy and Royal Marines Children’s Fund; SkillForce; Combat Stress; and The Soldiering On Awards. Monica and David Galetti with friends (Source: Alex Macro/Roy Strutt) Lucky auction winners bagged some unique transport options, including a Spitfire flight, a miniature Audi car and the opportunity to be a Tube driver for the day.  The night was rounded off by an after-party at Annabel’s.  Anne Donoghue at Square Events said: “We’re passionate about this cause and the City’s tradition of supporting the Armed Forces Com­munity. After another successful ev­en­ing, it won’t be long before we’re planning the next Salute!” At ease, all.  center_img by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailGameday NewsNASCAR Drivers Salaries Finally ReleasedGameday NewsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity Weekzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorFree HubRare Photos of Princess Diana The Royal Family Never Wanted People To SeeFree HubTheFashionBallAlica Schmidt Is The Most Beautiful Athlete To ExistTheFashionBallBeach RaiderDo You Agree That She’s The Most Beautiful Woman In The World?Beach Raider whatsapp Sharelast_img read more

News / Launch of TIACA tool to help air cargo raise standards and performance

first_img Transparency and standards in air cargo are under increasing internal scrutiny as the sector looks to improve its reputation and performance to attract more shippers.Last week, the International Air Cargo Association (TIACA) launched its Cargo Service Quality (CSQ) initiative at its executive summit in Miami.Designed to improve visibility and facilitate global standards across the air cargo supply chain, it will give shippers insight into the quality of service delivered by operators.CSQ comes after a year of research led by board chairman and head of cargo business at Delhi International Sanjiv Edward and senior vice president of cargo services at SATS Cheemeng Wong. Head of cargo and logistics at Brussels Airport Company Steven Polmans and chief executive of Kale Logistics Amar More have backed the initiative.Mr Edward said shippers reaffirmed a view that weak visibility and a lack of uniform standards was limiting an air freight model, perceived as expensive, poor value, and lacking product improvement,Secretary general of TIACA Vladimir Zubkov said: “The Cargo Service Quality initiative is a logical step for an association like TIACA, that integrates all the players of the air cargo supply chain.”Participants will fill out an online CQS assessment form quarterly or half-yearly and will have access to a dashboard indicating strength and improvement areas as well as best practice sharing.A pilot phase will run from January to February 2018, during which time assessment tools will be available for airports and terminal operators, with the scheme expected to rolled out to the wider industry April next year.Backing has also been received from airports including Hong Kong, Changi and Beijing, and Mr Wong believes CQS will play a “key role” in standardising global air cargo quality assessment.He added: “It will establish new benchmark parameters, identify strength and improvement areas, optimise investments and share best practice in the industry.”Meanwhile, Cargo iQ, and the Global Shippers’ Forum have been working together over the last 12 months on a project that will see the two parties develop mutually agreed KPIs for shippers that will streamline with Cargo iQ’s existing Master Operating Plan (MOP) milestones.Cargo iQ’s executive director Ariaen Zimmerman said: “Working with shippers is important to us because commitment of the whole chain is essential for its performance.“We rare working with GSF to better understand what shippers need and help them to ask for what metrics we can offer.”He said Cargo iQ was also looking to implement new ways of working to bring something to the market that benefits customers.“The current plan is to share information, which we haven’t been doing enough as an industry, and we are now talking to the Global Shippers Forum on things like current projections,” he continued.“Reliablity and control is often more important to shippers than speed. There could be 20 or 30 solutions for how to get something from A to B, then flights could be delayed or full and another solution would offer the same guaranteed performance.“So we will offer real live projection and forwarders can route cargo in the most efficient way.” Left to right: Rvind Kavuru, Director, Prospecta Technologies, Vladimir Zubkov, Secretary General, TIACA, Denis Choumert, Chairman, European Shippers’ Council, Amar More, CEO, Kale Logistics Solutions, Sanjiv Edward, Chairman, TIACA, Head of Cargo Business, Delhi International Airport, Steven Polmans, Head of Cargo and Logistics, Brussels Airport Company, and Cheemeng Wong, Senior Vice President, Cargo Services, SATS Ltd.center_img By Alexander Whiteman 23/10/2017last_img read more

SCAM ALERT: Collier County online pet scams

first_imgAdvertisementDC Young Fly knocks out heckler (video) – Rolling OutRead more6 comments’Mortal Kombat’ Exceeded Expectations Says WarnerMedia ExecutiveRead more2 commentsDo You Remember Bob’s Big Boy?Read more1 commentsKISS Front Man Paul Stanley Reveals This Is The End Of KISS As A Touring Band, For RealRead more1 comments Charlotte County Sheriff warns of law enforcement impersonation scams March 16, 2021 Advertisement“Oh, it’s dirty. It’s terrible,” said Nan Suffian of Naples. “That is the worst thing I can think of.”They ask for payment upfront, saying it cover shipping, a nanny and even a COVID-19 pet shot, which doesn’t exist. Naples-based breeder, Florida Puppies Online, said that there’s some red flags to look out for.  RELATEDTOPICS COLLIER COUNTY, Fla. — Are you looking to add a four legged friend to add to your family? If so, be careful of where you shop.Authorities in Collier County are warning people of an online pet scam. The Collier County Sheriff’s Office posted the warning to Facebook on Tuesday afternoon.  Veterinarian visits could go virtual if new bill is passed March 20, 2021 Advertisement The first — if they won’t video chat with you and the puppy, that’s a warning sign. Secondly, what kind of payments are they accepting?“If they’re taking forms of payment like money orders, Venmo, PayPal, Friends and Family, anything where you can’t get your money back, it should be a big red flag,” said Teddy Collins, Owner of Florida Puppies Online. Lastly, if pictures on their website have different backgrounds, beware. “What they’ll do is actually ask us for updated pictures,” said Collins. “They might ask us for their name, when their actually asking to scam somebody else. Just because you’re getting a picture with your name in it, they can still scam you.”At the Naples Dog Park, pet owners were shocked to hear this is going on in Collier County. “I’m kind of appalled by it,” said Maureen Riley of Naples. “I did a lot of research and I searched all over. I found a breeder. I talked to the breeder. I interviewed.”The sheriff’s office said that several reports of the scam have been filed in recent months. One person even lost more than $1,000, authorities said. Deputies encourage everyone to research the business and look at things like their Better Business Bureau rating. center_img AdvertisementRecommended ArticlesBrie Larson Reportedly Replacing Robert Downey Jr. As The Face Of The MCURead more81 commentsGal Gadot Reportedly Being Recast As Wonder Woman For The FlashRead more29 comments Beware of stimulus check scams: Here’s what to look out for March 18, 2021 Deputies said that swindlers are using the coronavirus pandemic as a reason future pet parents can’t meet puppies.  Advertisement AdvertisementTags: Petsscam alertscams Solar panel company claims they’re legitimate after CCPD scam alert June 10, 2021last_img read more

$470 Million for Project to Widen Washington Boulevard Corridor

first_imgFacebookTwitterWhatsAppEmail A sum of $470.3 million has been allocated to the Washington Boulevard Corridor Widening project.This is outlined in the 2008/09 Estimates of Expenditure, now before the House of Representatives.The project, which is funded by the Government and the Caribbean Development Bank, seeks to enhance productivity by reducing the economic loss to the country when people are stranded in traffic, and to reduce the high fuel consumption and also vehicle operating cost, due to poor ride quality.Physical achievement up to March 2008 included 30 per cent acquisition of required lands.Anticipated targets for the 2008/09 fiscal year include the completion of land acquisitions; completion of the construction of boundary fences; selection of consultancy services and contractor; completion of utilities relocation; and 20 per cent completion of civil works. Advertisements Related$470 Million for Project to Widen Washington Boulevard Corridor Related$470 Million for Project to Widen Washington Boulevard Corridorcenter_img $470 Million for Project to Widen Washington Boulevard Corridor UncategorizedApril 3, 2008 Related$470 Million for Project to Widen Washington Boulevard Corridorlast_img read more

General Motors revises strategy, goes all-in on EV production

first_img First Look: 2022 Lexus NX The sport-cute’s looks have been softened, but its powertrains and infotainment offerings have been sharpened We encourage all readers to share their views on our articles using Facebook commenting Visit our FAQ page for more information. RELATED TAGSElectricFlexElectric CarsElectric VehiclesNew VehiclesBuickCadillacChevroletElectric VehiclesEVsFlexGeneral MotorsGMChummer First Look: 2023 Cadillac LyriqAnd as GM VP in charge of EVs Doug Parks noted, there are other technologies that will drive these new vehicles forward.“It’s not just the cost and performance of our innovative EV components that will give us a competitive advantage in a fast-changing industry, but how we integrate them with other advanced systems like Super Cruise, our Vehicle Intelligence Platform electrical architecture and other technologies,” Parks said during the announcement.As Driving reported by in early August, the first of these all-new EVs is the Cadillac Lyriq, the luxury brand’s first-ever EV and one scheduled for release in the U.S. in late 2022 and expected in Canada by early 2023. We also know about, and reported on, the Hummer EV, scheduled to arrive in Canadian GMC dealerships in late 2022. The announcement today moved those release dates up, to early 2022 instead of late 2022 for the Lyriq; and to an unspecified but earlier date for the Hummer.The three years between 2023 and 2025, if that 30-vehicle launch target is met, will be a fast and furious flurry of GM EVs coming to market.Apart from those two nameplates, we don’t have specific details on the remaining EVs coming soon, but we do know the development schedules for 10 vehicle programs have also been moved up, among them three other GMC Ultium variants, including an EV pickup; four Chevrolet EVs, including a pickup and compact crossover; and three Cadillacs. In addition, Buick’s EV lineup will include two Ultium-based EVs. ‹ Previous Next › The Rolls-Royce Boat Tail may be the most expensive new car ever Trending Videos See More Videos PlayThe Rolls-Royce Boat Tail may be the most expensive new car everPlay3 common new car problems (and how to prevent them) | Maintenance Advice | Driving.caPlayFinal 5 Minivan Contenders | Driving.caPlay2021 Volvo XC90 Recharge | Ministry of Interior Affairs | Driving.caPlayThe 2022 Ford F-150 Lightning is a new take on Canada’s fave truck | Driving.caPlayBuying a used Toyota Tundra? Check these 5 things first | Used Truck Advice | Driving.caPlayCanada’s most efficient trucks in 2021 | Driving.caPlay3 ways to make night driving safer and more comfortable | Advice | Driving.caPlayDriving into the Future: Sustainability and Innovation in tomorrow’s cars | Driving.ca virtual panelPlayThese spy shots get us an early glimpse of some future models | Driving.ca What was missing in the announcement was any mention of whether any of these electric vehicles and/or EV components will be manufactured in Canada. The lonely Chevrolet Bolt is about to get some company.In an announcement November 19, GM Chairman and CEO Mary Barra said the automaker will launch 30 new global electric vehicles over the course of the next five years, giving GM’s sole electric vehicle in Canada since 2017 a bustling stable-ful of zero-emission mates.“Climate change is real, and we want to be part of the solution by putting everyone in an electric vehicle,” said Barra. “We are transitioning to an all-electric portfolio from a position of strength and we’re focused on growth.” COMMENTSSHARE YOUR THOUGHTS In addition to that very ambitious product roll-out, the company will an increase its financial commitment to EVs and autonomous vehicles to US$27 billion through 2025 — up from the US$20 billion planned before the onset of the COVID-19 pandemic. That figure exceeds the automaker’s gas and diesel investment.LISTEN: We talk EV public policy on this week’s Plugged In episode.Subscribe to Plugged In on Apple Podcasts, Spotify, Stitcher, and Google Podcasts.More than half of GM’s capital spending and product development team will be devoted to electric and electric-autonomous vehicle programs, and 40 per cent of the company’s U.S. entries will be battery electric vehicles by the end of 2025.In terms of the North American market, we should see more than two-thirds of those 30 new EVs in our dealerships, under the Cadillac, GMC, Chevrolet, and Buick brands.There was also a fairly significant technical announcement too: an increase from the previously stated GM-estimated maximum range of Ultium-battery-based vehicles from 644 kilometres to 724 km on a full charge. And we’re finally beginning to see the promise of accelerated battery improvements, with GM reporting its second-generation Ultium chemistry is projected to deliver twice the energy density at less than half the cost of today’s chemistry. The patented technology, according to the company, is expected to bring EVs closer to price parity with gas-powered vehicles.RELATED Created with Raphaël 2.1.2Created with Raphaël 2.1.2 General Motors Chief Executive Officer Mary Barra announces a major investment focused on the development of GM future technologies at the GM Orion Assembly Plant.  GM advertisement Trending in Canada First Look: 2022 GMC Hummer EVlast_img read more