Stellantis reported its net revenue dropped 27% compared to third-quarter results from a year ago. The company pointed to lower sales and an “unfavorable mix” and the primary reasons for the decline. Get details at Headlight.News.
Michael Strong
Ford Posts Mixed Q3 Results, Revises Full-Year Earnings Downward
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.
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.
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.
Audi Jumps on Performance Ute Trend with 2025 RS Q8
Automakers across the board have been upping the performance ante on their SUV models for the past few years. Now Audi has joined the club with the all-new 2025 Audi RS Q8 model. The new model pumps out 631 horsepower and drains $136,200 from your bank account. Get details at Headlight.News.
Tesla Beats Q3 Profit Expectations from Wall Street
EV maker Tesla reported better-than-expected results for the third quarter. The Texas-based company beat the analysts’ profit forecasts despite coming up slightly short on revenue predictions. Get the details of the company’s third quarter results at Headlight.News.
GM Reports Rise in Q3 Revenue, Exceeds Analysts’ Expectations
General Motors brought in more money during the third quarter compared to a year ago, but those additional funds didn’t translate to bigger profits. However, the numbers did give the company reason to revise its earnings upward. Find out more at Headlight.News.
Stellantis Lays Off 1,100 at Truck Plant, Closing Arizona Proving Grounds
In August, Stellantis warned it would lay off as many as 2,450 hourly workers. The first batch got their walking papers as 1,100 employees at its Warren Truck Plant, just north of Detroit. However, the cost cutting doesn’t stop there as the company revealed plans to shut down its Arizona Proving Grounds as well. Headlight.News has details.
NHTSA Opens Investigation into 2.4 Million FSD-Equipped Teslas
Just days after showing off nearly two dozen Cybercabs running on Full Self-Driving, Tesla finds itself being investigated by the National Highway Traffic Safety Administration. The feds are examining 2.4 million FSD-equipped vehicles due to issues driving in “reduced visibility conditions,” including a fatality. Find out more at Headlight.News.
EV Maker Lucid Pushes to Net $1.7B with IPO as New Saudi Fund Becomes Lead Investor
Developing and building electric vehicles costs a lot of money, and Lucid Motors has been tapping its Saudi-based investors for billions in additional funding during the past few years. Now, the EV maker plans to go to new source: the public. At the same time, it’s getting a new top shareholder. Find out more about its IPO at Headlight.News.
Motorcyclists Wearing Helmets Die Less Often
Helmet laws often create discord among motorcyclists, the medical community and other safety experts. The latest study from the Insurance Institute for Highway Safety isn’t likely to quell any of the disagreements. The report shows more than 22,000 riders would’ve have survived fatal crashes during the last four decades. Find out more at Headlight.News.
EV Sales Set Global Record in September
Sales of electric vehicles set a new global record in September hitting 1.7 million units. This surpassed the previous record by 150,000 vehicles last December. Unsurprisingly, China is leading the charge, but contrary to what many in the U.S. would tell you, the American market is up 10% through the end of the third quarter. Find out more at Headlight.News.