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Michael Strong

EV Sales Keep Rising While Falling in Line with Americans Like Best: SUVs

EV Sales Keep Rising While Falling in Line with Americans Like Best: SUVs

Automakers persist in their efforts to find the right balance between EV, hybrid and ICE vehicle production. The mythology suggests that EVs have stagnated, but that’s simply not true. They have slowed from their unsustainable pace, but they continue to rise. The increases come, in part, because the newest electric vehicles come in the buyers favorite form: SUVs. Find out more at Headlight.News.

Nearly 350K Flood-Damaged Cars Potentially Could be For Sale — And More May be Coming

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.

GM Reports Rise in Q3 Revenue, Exceeds Analysts’ Expectations

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

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.

Consumers Showing a Bit More Confidence in Self-Driving Vehicles

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

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.