While Ford, General Motors and other makers are scaling back on their EV and battery production plans, Toyota revealed Tuesday it’s doing just the opposite by investing an additional $8 billion into its Toyota Battery Manufacturing North Carolina facility. Get the details at Headlight.News.
Month: October 2023
Cadillac is getting ready to roll out the most expensive vehicle in its history, the exotic Celestiq set to start at just over $300,000. But one customer will wind up paying more than three times that, at least if they opt for a one-off version included in this year’s annual Neiman Marcus Fantasy Gifts list. Checkout out at Headlight.News.
It’s one of the biggest events in Las Vegas, and the annual SEMA Show will put the spotlight on the automotive aftermarket when it opens this week. Headlight.News spoke to SEMA’s marketing chief RJ DeVera to get a sense of how this traditionally performance-focused extravaganza is rapidly evolving along with the auto industry, adapting to the era of EVs, finding a new, more diverse audience and even adding a new consumer follow-up, the SEMA Fest, featuring Wiz Khalifa and Imagine Dragons.
And then there were none. Less than 24 hours after the UAW went on strike at General Motors plant in Spring Hill, Tennessee the two sides got a deal done. Details are sparse, but it’s safe to assume there’s a 25% raise in the deal. Find out more at Headlight.News.
When Stellantis reached a tentative settlement with the UAW on Saturday there was a surprise buried in the agreement. As part of the deal, the automaker will build a long-awaited midsize pickup at the Belvidere, Illinois assembly plant it recently closed. And the new truck is likely to get a hybrid, possibly even an all-electric powertrain.
The surprises keep coming in the ongoing labor talks — and strikes — between the Detroit Three automakers and the UAW. After securing a deal with Ford a few days ago, it was rumored General Motors would be next, but it turned out to be Stellantis. Find out more at Headlight.News.
Serious off-roaders have gotten plenty of new options lately, like the GMC Sierra AT4X. General Motors’ “professional grade” truck brand has been upgrading things with the of American Expedition Vehicles and, together, GMC and AEV are showing off what could be the “ultimate” package, the Sierra Grande Concept that will make its official debut at the SEMA Show next week.
Ford is rethinking its commitment to battery-electric vehicles, at least in the near term, company officials revealed during an earnings call. It might seem a logical move considering the automaker lost about $37,000 on every EV it sold during the third quarter. But Ford is by no means the only automaker rethinking its commitment as growth in the electric vehicle market slows. Read the story at Headlight.News.
Ford turned around its Q3 earnings this year, finishing in the black compared to year-ago results; however, the newly minted tentative agreement with the UAW is tempering the any enthusiasm about the results. Headlight.News has details.
If you have “Tesla becomes an EV charging company” on your list of things to happen in 2023, cross it off: BP just placed an order for $100 million worth of “ultra-fast” chargers with Tesla. The chargers will hit the U.S. next year, reports Headlight.News.
Less than a day after reaching a deal with the UAW on a new 4.5-year contract, Ford reported a $1.2 billion net profit on revenue of $43.8 billion. The results are significantly better than the year ago period, when the automaker reported a loss. Find out more at Headlight.News.
Like its parent, Toyota, luxury brand Lexus has been slow to embrace EV technology. But that may be set to change, at least based on the LF-ZC and LF-ZL EV concepts unveiled at the Japan Mobility Show. The Lexus LF-ZC could be in production by 2026, with the LF-ZL hinting at an all-electric flagship that may follow. Both introduce next-gen battery technology capable of delivering over 600 miles range.