The Headlight News for the Week of 5-6-24 covers Auto Sales Stumble – New Ferrari 812 – Polestar EV Can Charge in 10 Minutes – Kia Telluride Review and This Week in Automotive History. Check out the podcast at Headlight.News.
Michael Strong
Rivian Gets $827M to Expand Illinois Plant to Build New Vehicle
EV maker Rivian received $827 million in new incentives from the State of Illinois to expand its production facility in Normal. The company currently builds all of its vehicles there, but the expansion will allow it increase production levels as well as handle...
Ford Recalling 242K Trucks Due to Taillight Problem
Ford is recalling 242,669 2022-2024 Maverick compact pickups due to a problem with the truck’s taillights. This action makes the second time there was a recall involving the pickup last month. Get more details about it at Headlight.News.
You’re Not Batman But You Can Drive Bruce Wayne’s Car
Young boys often grow up wishing they could be one superhero or another. However, Batman enjoys a special hold on many because of all the technology he used to fight crime — especially his cars. Now you can drive the cars as Pininfarina’s created two new versions each of the all-electric B95 hyper Barchetta and Battista hyper GT inspired by Bruce Wayne. Find out more at Headlight.News.
Stellantis Misses Mark with Q1 Earnings Results
Stellantis fell short of analysts’ expectations, posting a 12% decline in first quarter revenue largely due to sluggish sales in Europe. However, the company expects a big rebound in the second half of the year. Find out more at Headlight.News.
Automakers Looking at Mixed April Sales Results
It appears there will not be showers of new vehicles buyers in April after seeing good numbers through the first three months of the year. However, analysts suggest the market is still healthy. Find out more at Headlight.News.
Looking to Buy a New EV for Cheap? Start with the Nissan Leaf
On average, the price of a new electric vehicle has dropped throughout the year. So if you’re looking for a good deal on a new EV, you’ll want to start with the Nissan Leaf. To see what else is affordable, or less expensive anyway, head over to Headlight.News.
Ford Tops Wall Street’s Q1 Earnings Estimates
Ford offered up good news with its first quarter earnings report, beating analysts’ estimates, although falling short of last year’s net income and margin numbers for the same period. Find out more about the company’s results at Headlight.News.
Tesla Falls Short in First Quarter, Sees Profit Drop 55%
For the first quarter of this year, Tesla delivered fewer vehicles and made less money than it did at this time last year. The company’s net income fell 55% and revenue slid 9% despite EV sales being up for other automakers during the period. Get details at Headlight.News.
Tesla Shares Slide After Most Recent Price Cuts
EV leader Tesla saw its share price fall more than 3% Monday after it cut prices on many of its vehicles by as much as $2,000 over the weekend. It’s the second time the company’s slashed prices in the past two weeks, highlighting the company’s efforts to revive sales and improve profits. Find out more at Headlight.News.
Top Vehicle on Instagram Isn’t Sold in the U.S. Anymore
Posters used to tell you all you needed to know about what was popular. For a long time, the most desirable or popular cars in the world could all be found on one well-known wall hanging, “Justification for Higher Education.” Now you only need to go to Instagram to find out what’s hot. Get details at Headlight.News.
Tesla’s Musk Wants His $56B Back, GM Relocating HQ and More in This Week’s Headlight News Podcast
Headlight News for the Week of 4-22-24 – Musk Wants His $56 Billion Back – Big Recalls – Cheaper Cars – GM Moves – A Review of the Maverick Tremor – The Week Ahead – And This Week in Automotive History