Ford Motor Co. reported third-quarter earnings that beat some analysts’ expectations while falling short in other areas. The company revised its full-year earnings forecast after it took a $1 billion charge and saw the impact of a pricing war on its bottom line. Get details at Headlight.News.
Month: October 2024
Lucid Gravity to Start at $79,990 as Order Bank for Electric SUV Opens
Lucid’s all-electric Gravity SUV, will start at $79,990, the start-up EV maker announced Tuesday, though fully-loaded top-trim models will push into six figures. The automaker’s second product line will begin production by year-end but will begin taking orders early next month.
Nearly 350K Flood-Damaged Cars Potentially Could be For Sale — And More May be Coming
Back-to-back hurricanes contributed to the staggering total of almost 347,000 flood-damaged vehicles on the East Coast of the U.S. Hurricanes Milton and Helene damaged scores of vehicles with flood waters and other problems. Add those to the thousands of other water-damaged vehicles from other smaller storms this summer, it doesn’t take much to see how this can become a massive problem. Find out more at Headlight.News.
Hyundai and Toyota’s Succesful Joint Event Might Spawn More Teamwork Opportunities
Hyundai and Toyota successfuly host joint performance vehicle event in South Korea. Event’s success might spawn further cooperation between the two firms in other pursuits.
Kia Gets Pinched By New Lawsuit Over Faulty Carnival Sliding Doors
Kia gets pinched by a new lawsuit from Carnival owners over faulty sliding doors who say original recall didn’t fix the problem and that Kia breached its warranty agreements with owners.
As Sales of the Original ID.4 Plummet, VW Again Delays U.S. Launch of Bigger ID.7
Volkswagen will “probably” not launch its next battery-electric vehicle, the ID.7 sedan, until sometime next year in the U.S., and some suspect it could be pushed back even further as it struggles to reverse plummeting sales of its original ID.4 SUV.
Scout’s Direct-to-Buyer Sales Plan Sets Off Dealer Backlash
Auto dealers are ready to go to war with Scout Motors over the new brand’s plan to sell directly to customers without using franchised retailers. Scout is also planning to build separate service centers, which are emerging a key part of the EV landscape.
Hyundai’s Audacious N RN24 Pushes the Limits of SUV Performance
We’re seldom at a loss for words but there’s new easy way to describe the Hyundai RN24 concept. Stripped-down SUV? Dune buggy? Rally car? Performance EV? As far as the Korean carmaker is concerned, it calls the prototype its latest “Rolling Lab,” meant to explore the limits of EV motorsports.
Kentucky Man Cosplays as Salesman After Breaking Into Dealership
An inventive criminal in Kentucky adds an innovative spin to break-in by pretending to be salesman for automotive dealership after being caught.
We’ve Dug Up Even More Exciting News About the New Scout Brand
Two years after Volkswagen announced plans to revive the long dormant Scout brand, we got a first look at the two new products it will be bringing to market. And there were some surprises, including news that the Scout Terra and Traveler models will be offered with a choice of all-electric and range-extended drivetrains. Headlight.News caught up with several of the brand’s top execs and reveals several other exciting details.
Consumers Showing a Bit More Confidence in Self-Driving Vehicles
A new study shows consumers expressing more confidence in fully automated self-driving vehicles. Good news for Tesla CEO Elon Musk and others expanding their autonomous vehicle testing and planning. Find out more at Headlight.News.
Scout Makes its Debut — But Buyers Are in for a Long Wait
It’s been 44 years since the last Scout model rolled off the assembly line. But the reborn brand made its debut Thursday night, outlining plans to return with a pair of off-road-ready light trucks and a mix of all-electric and “range-extending” drivetrains. Potential buyers now can plunk down a deposit – but they’ll have to wait until 2027 to take delivery.