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Despite a truly terrible year for GM that involved plants being shut down for weeks due to a union strike, Bolt battery recalls, EV production problems, and the nightmare that keeps on giving that is Cruise, General Motors says it should tally up nearly $10 billion for 2023 – but we certainly don’t owe that to stellar EV sales.

GM released its annual forecast with fresh clarity, it says, about labor costs after the ink has dried on new union contracts in North America. Plus it has outlined its upcoming EV strategy, and how it plans to hurdle the fallout from Cruise, which already cost the company $2.7 billion last year.

Last November, GM said that it expected to reach nearly $10 billion, despite the $1.1 billion hit from the six-week UAW strike last year. Plus the Chevy Bolt EV battery recall costs $800 million in costs.

Still, CEO Mary Barra said that GM will “fully offset” those higher labor costs, with $2 billion worth of cuts part of the plan, meaning a lot of lost salaried jobs, reduced marketing spending, and “more efficient” manufacturing operation, according to Automotive News.

EV sales were rough last year: In 2023, GM delivered 75,883 BEVs in the US, about 2.9% of its total volume. Still, that’s a 93% bump from 2022. GM forecasts its total US auto industry sales to hit 16 million in 2024, but it has dropped its goal of making 400,000 EVs through mid-2024. Still, it is aiming to have 1 million EVs by 2025.

This year, the automaker expects adjusted earnings to be anywhere from $12 billion to $14 billion.

GM also says it hopes to turnaround its slow EV ramp-up, particularly around the issues with the Ultium battery architecture and supplier lag, Automotive News reports. GM sent teams up to help set up the assembly lines, and add module capacity to more EV plants, the report said.

Also, last month, Chevrolet stopped sales of its Chevy Blazy EV due to software issues.

General Motors said earlier this month that is finally ramping up production of its Cadillac all-electric Lyriq SUV this year. Barra also expects GM’s “competitive position” to improve, EV-wise, this year with the GMC Hummer EV, Chevrolet Silverado truck, and Blazer EV, although GM has a stop sale on the Blazer due to software issues.

Electrek’s Take

GM has some major hurdles ahead of it in its very immediate future. One, it needs a successful, problem-free launch of its Equinox EV, which starts at $35,000. Morningstar analyst David Whiston said that is its chance to jump ahead of Tesla in the only space Tesla doesn’t hold the reins – and that’s affordable EVs, reports Automotive News.

Dealing with Cruise is another top priority for GM, which just released its own investigation into what happened after a Cruise robotaxi struck and dragged a pedestrian about 20 feet rather than stopping in San Francisco. California’s Department of Motor Vehicles quickly pulled Cruise’s operating permit after the incident, with Cruise pausing all of its operations nationwide soon thereafter – it says it plans to restart in one city, but details aren’t yet available, and honestly, it’s hard to imagine that actually happening.

Meanwhile, a federal probe and independent investigations are looking into whether or not Cruise purposely withheld video footage of the incident from federal investigators. CEO and founder Kyle Vogt called it quits on November 19, followed by a mass layoff of 900 employees as well as nine top execs. Cruise is facing a potential $1.5 million in fines and additional sanctions over its failure to disclose details about the accident. So GM has its work cut out for it.

Photo credit: General Motors/Cadillac


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RIZON class 4 and 5 electric MD trucks arrive in Canada

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RIZON class 4 and 5 electric MD trucks arrive in Canada

Daimler’s new, all-electric truck brand made its Canadian debut this week with the official market launch of its battery electric class 4 and 5 medium duty work trucks.

After making its North American debut at the 2023 ACT Expo in Anaheim, California, Daimler Truck’s RIZON brand has continued on a steady march towards production with initial preorders set to open this June. But it won’t just be Americans who can order a new RIZON electric box truck – Canadians will be able to add them to their fleets at the same time.

“Canada is very advanced regarding green energy and infrastructure and is a natural next step for RIZON’s second market,” explains Andreas Deuschle, the Global Head of RIZON. “We are very happy to bring our zero-emission solution to Canadian customers. They are proven OEM trucks with the latest technology from Daimler Truck.”

Modernism and mandates

RIZON electric truck interior; via Daimler Truck.

Along with California and a handful of other US states, the Canadian government has plans to limit (or outright ban) the use of diesel trucks on its roads. In the case of Canada, the nation has committed to a zero emissions goal by 2050 – but Daimler could have gotten there without launching a new brand.

So, why is Daimler launching a new brand?

RIZON is about reaching new customers with a chassis that’s been designed from the ground-up to be an EV. These customers might be new to Daimler, or looking to replace an aging fleet of Isuzu or (more likely) Mitsubishi Fuso cabovers with something a little more modern.

What they’ll find in a RIZON, then, is a smooth, quiet, and car-like ride that will make the “step up” from something like a Ford E-Transit easier than they might think.

Our own Jameson Dow got to drive a RIZON e18L model at an event hosted by Velocity Truck Centers at Irwindale Speedway last year, and came away impressed with the truck’s smooth acceleration and adjustable regenerative braking.

RIZON will offer four model variants for Canadian customers, the e16L, e16M, e18L, and the e18M, with a range of configurations and options ranging from 7.25 to 8.55 ton GVWRs.

Electrek’s Take

There’s definitely a place in the North American market for an agile, easy-to-drive medium duty truck like the RIZON, and Daimler’s nationwide network of Freightliner and Western Star dealers should give first time MD buyers a bit more peach of mind than they might get from a startup brand.

You can check out the specs on each of the RIZON electric models, below, then let us know what you think of these new cabover EVs in the comments.

Image courtsy Dailer Trucks.

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777 hp electric overland concept from Italdesign bows in Beijing [video]

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777 hp electric overland concept from Italdesign bows in Beijing [video]

The all-new, all-electric Italdesign Quintessenza concept is a high-tech Italian take on the Porsche Dakar concept that’s just begging to be put into production.

Making its debut at the Beijing Auto Show, the Italdesign Quintessenza concept embodies both the dynamic prowess of a GT and the versatile adaptability of a pick-up truck. At least, that’s what its makers say. And, if your idea of a pickup truck leans more towards “Subaru Brat” than “Ford F-150 Lightning,” that’s probably right!

The rear section of the Quintessenza converts from a “hatchback” to an open “pickup” bed in true Brat fashion. The rear seats are designed to flip 180-degrees backwards, providing a rear-facing, panoramic “stargazing” mode that promises, “(the) experience and feeling of connection with nature and the outside world.”

Stargazing mode

In its more conventional GT “mode,” the Quintessenza is arguably the best-looking Italdesign concept to come out in years, with vertical lighting elements up front and aggressively-sculpted rear haunches that this writer thinks would be a natural for Audi.

Those design elements aren’t just aesthetic – they’re loaded with electronics. “Two aerodynamic fins that integrate the ADAS systems are present on the upper back of the roof, at the level of the C-pillars,” reads the official release. “They map the surrounding environment when the satellite signal is poor, and offer multifunction lights indicating the car’s driving mode and braking when the hard top is removed.”

Quintessenza vertical elements

So, what kind of vehicle is the Italdesign Quintessenza? Is it a true overland GT, in the style of the Porsche Dakar or 911 SC/RS (the rally car that became the 959)? Is it a high-end spin on the classic Subaru Brat? A futuristic Ute for traversing the Australian outback? Or is it something else entirely?

That’s above our pay grades – but you, dear readers? You guys know what’s up, so check out the official Quintessenza launch video (below), then let us know what you think of Italdesign’s latest in the comments section at the bottom of the page.

Italdesign Quintessenza

DIMENSIONS

  • Length 5561 mm
  • Height 1580 mm
  • Width (front/rear) 2200 mm
  • Wheelbase 3240 mm
  • Front overhang 1003 mm
  • Rear overhang 1318 mm
  • Number of passengers 2+2
  • Body Lightweight Aluminum structure
  • Ground height Adjustable 200-280 mm

POWERTRAIN + PERFORMANCE

  • Battery 150kWh/800V
  • Power 580kW (approx. 777 hp)
  • Range 750 Km (approx. 465 miles)
  • 0-100 Km/h < 3 seconds
  • 1 Electric Drive Unit Front axle
  • 2 InWheel motor rear axles

SOURCE | IMAGES: Italdesign.

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The new Momentum Cito E+ dares you to leave the car at home [Video]

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The new Momentum Cito E+ dares you to leave the car at home [Video]

All the cool suburbanites are already taking their kids to school, loading up at the farmers’ market, and making deliveries on clever and capable cargo e-bikes, but the new Momentum Cito E+ from Giant raises the cargo bike bar even higher — and makes leaving the car at home easier than ever.

Momentum is a new brand of “lifestyle” e-bikes from Giant Group designed to deliver premium features to customers while still hitting that $3,000-4,000 market “sweet spot.” Their latest bike, the all-new for 2024 Cito E+ utility bike, does just that, coming to market with a premium battery, Bluetooth technology, a suite of high-end safety features, and a $3,200 starting price.

Premium battery

Getting the most out of your e-bike often means getting the most out of your battery — and Momentum absolutely gets that. The Cito E+ ships with a 780 Watt-hour Panasonic battery pack with 22700 cells that have been optimized for e-bike use.

Compared to other ebike batteries with similar power ratings, the Momentum’s Panasonic battery promises to be lighter and more durable, with superior IPX7 weather protection, thermal regulation, and other safety features built-in (in fact, Panasonic was the first e-bike supplier to score a UL safety rating for its batteries).

The battery is easily removable for charging at home or in an office, but it can be charged while it’s in the bike, too. Either way, charging won’t take long — from 0 to 80% of charge (approx. 60 miles) of range is available in 3.5 hours, while a full (75 mile) charge takes less than 5 hours.

Connected cargo bike

As our test rider highlights in the video (above), the Momentum Cito E+ uses a proprietary battery management system, or BMS, to monitor the battery pack for maximum efficiency and reliability down to the individual cell level.

The BMS uses Bluetooth connectivity to transfer battery health data, state of charge, and other important information straight to the RideControl app, which enables the bike’s owner to get an in-depth look at the overall state of their e-bike and provides valuable diagnostic data to both the technicians tasked with servicing the bike and Giant themselves, to help develop even better e-bikes in the future.

2024 Giant Group dealership map; via ScrapeHero.

That connection to Giant Group is a huge potential benefit to Momentum Cito E+ buyers, by the way, as it gives them access to support from more than 1,200 brick and mortar Giant dealers across the US alone (above).

That’s a serious advantage that online-only bike brands simply can’t match.

Safety first … and maybe second, too

Momentum’s commitment to safety doesn’t stop at the battery. The Cito E+ features confidence-inspiring 4 piston hydraulic disc brakes and a heavy duty suspension for predictable handling even under heavy loads — important if you have to suddenly haul the bike down from its electronically assisted 28 mph top speed with precious kids and cargo on the back.

LED head and taillights with a lever-activated taillight ensure Cito E+ riders will be seen, too, helping you stay safer after hours.

Accessories and add-ons

Momentum Cito E+ top tube accessory and Momentum front basket shown; image by Electrek.

Momentum’s Cito E+ offers a comprehensive selection of accessories to help optimize it for each rider’s unique use case — whether that’s hauling up to 132 lbs. of cargo on the rear rack and 33 lbs. on the optional front basket (shown, above), or adding 2 Thule Yepp Maxi seats and getting the little ones to school five times a week.

You can find out more about the Momentum Cito E+ and the brand’s available accessories by clicking here.

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