Within a week of its 2019 launch, Tesla claimed to have logged 250,000 advance reservations for the Cybertruck, and CEO Musk claims the number is now up to 1 million. Yet, even with the all-electric pickup finally in production, it very well could turn into a bust, CEO Elon Musk telling investors and analysts “We dug our own grave with the Cybertruck.”
The impact of Tesla’s price cuts hit home in the third quarter as its earnings fell on a year-over-year basis. Perhaps more importantly, more price cuts are expected to come in the fourth quarter at the company pushes to meet its goal of delivering 1.8 million vehicles globally. More cuts means a tough final quarter — fiscally anyway. Details at Headlight.News.
Talk about a halo car. Toyota offered up a mysterious teaser image Thursday hinting at a new model in the works. It took a little detective work for Headlight.News to figure out what it is. But we’ll give the secret away. Check out this report for more on what to expect with the 2025 Toyota Camry.
With rare exception, everything Volvo brings to market, going forward, will be all-electric. And that includes the brand’s first minivan. Images of the Volvo EM90 have begun leaking out and, not surprisingly, it bears a more than passing resemblance to the ZEEKR 009, the all-electric people-mover also being launched next year by the Swedish automaker’s Chinese parent, Geely.
Once again, GM is delaying production of some of its new battery-electric vehicles, this time announcing that production of the Chevrolet Silverado EV and GMC Sierra EV pickups won’t start rolling out of the suburban Detroit Orion Assembly Plant until late 2025. But, as Headlight.News reports, limited numbers of Silverado EV commercial models are being produced at a second plant.
A combination of factors, including strong income growth and lower prices, made new vehicles more affordable in September than they were in August as well as the year-ago period. Get the details at Headlight.News.
Nissan released the third of four mobility concept vehicles ahead of the Japan Mobility Show later this month. The Hyper Tourer concept aims to show how it can incorporate health-based technology into an all-electric vehicle.
Ford dropped a shift at the Dearborn, Michigan plant assembling its all-electric F-150 Lightning. The automaker blamed “multiple constraints,” for the move, but the UAW says the production cut comes as sales “have tanked.” If anything, Ford had expected a growing surge in demand as it prepares a major expansion of capacity at its Rouge Electric Vehicle Center.
Consumers and automakers alike are grappling with the sudden changes to EV prices occurring what seems to be weekly. Nissan is celebrating this week while Tesla has been offering up warnings. Find out why at Headlight.News.
Slow to enter the EV market, Toyota is making up for lost time. And it’s signaling its shift in direction at this week’s Japan Mobility Show where it will unveil two all-electric concept vehicles, including one that could become a battery-powered successor to the Toyota Supra.
It’s a different climate north of the border when it comes to contract talks between the Detroit automakers and union auto workers. GM workers represented by Unifor agreed to a new four-year deal with the automaker over the weekend. Get details at Headlight.News.
Nearly five weeks in, there appears to be no immediate end in sight for the UAW’s strike against Detroit’s Big Three. In his first appearance since the union’s contracts with his company expired, Ford Chairman Bill Ford spoke out, warning the walkout could destroy the American auto industry, and saying “We need to come together to bring an end to this acrimonious round of talks.”