The race to build the next generation of electric vehicle architecture is competitive and expensive. Ford Motor Co. appears to be throwing in the towel due to escalating costs and ongoing delays. Find out more at Headlight.News.
Month: May 2025
Trump Tariffs Expected to Cost GM $5 Billion as Automaker Revises 2025 Forecast
General Motors revised its full-year financial forecast and said the auto tariffs put in place by Pres. Donald Trump could cost it as much as $5 billion this year – despite the White House move this week to offer automakers some modest relief. As a result, it expects to see sales, revenues and net income fall sharply when compared to its original forecast for 2025. More from Headlight.News.
Tesla Calls “Absolutely False” Reports Board Looking to Replace Musk
Tesla denied reports the company’s board has begun searching for a replacement for CEO Elon Musk. The South African-born entrepreneur has come under increasing fire due to his ties to the Trump administration, leading to a sharp slump in Tesla sales and earnings and calls by some leading investors to find a new chief executive. Headlight.News has the latest.