Less than a day after reaching a deal with the UAW on a new 4.5-year contract, Ford reported a $1.2 billion net profit on revenue of $43.8 billion. The results are significantly better than the year ago period, when the automaker reported a loss. Find out more at Headlight.News.
After more than a month of negotations, strikes, finger pointing, grandstanding and more, the UAW and Ford reached a tentative agreement.
Just about 18 months after announcing a $5 billion partnership to develop affordable electric vehicles, General Motors and Honda ended the deal. Find out what changed to cause the split at Headlight.News.
The UAW is keeping the pressure on the Detroit Three automakers during their contract negotiations. Union chief Shawn Fain followed up Monday’s strike call at Stellantis’ Sterling Heights (MI) Assembly Plant with a call for workers at GM’s Arlington Truck Plant to stand up and walk out. Get details at Headlight.News.
This week’s Headlight News focuses on some of the concepts debuting at the Japan Mobility Show, how the drop in Tesla’s stock cost CEO Elon Musk $20 billion and, of course, the UAW strike drags on. We also look at the week ahead and review a new Kia crossover.
Just how far an electric vehicle will actually travel on a full charge compared to what each EV maker claims is always up for debate. However, the U.S. Department of Justice appears to be taking a closer look at Tesla’s range claims. Get details at Headlight.News.
The impact of Tesla’s price cuts hit home in the third quarter as its earnings fell on a year-over-year basis. Perhaps more importantly, more price cuts are expected to come in the fourth quarter at the company pushes to meet its goal of delivering 1.8 million vehicles globally. More cuts means a tough final quarter — fiscally anyway. Details at Headlight.News.
A combination of factors, including strong income growth and lower prices, made new vehicles more affordable in September than they were in August as well as the year-ago period. Get the details at Headlight.News.
Consumers and automakers alike are grappling with the sudden changes to EV prices occurring what seems to be weekly. Nissan is celebrating this week while Tesla has been offering up warnings. Find out why at Headlight.News.
It’s a different climate north of the border when it comes to contract talks between the Detroit automakers and union auto workers. GM workers represented by Unifor agreed to a new four-year deal with the automaker over the weekend. Get details at Headlight.News.
The prices of new vehicles are falling, Toyota partners to accelerate solid-state battery development, and we review the Subaru Crosstrek Wilderness and more can be found in the latest edition of the Headlight News podcast.
Hard to believe Lexus didn’t have its North American lineup quite right; however, it resolved the need for a capable — and dedicated — three-row SUV with the all-new 2024 Lexus TX. The new model replaces the RXL, which filled the gap not-so-capably. Headlight.News put the ute through its paces and has the review.