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Michael Strong

Hyundai, Kia Cuts “Most Stolen” Cars Theft Rate in Half with Software Upgrade

Hyundai, Kia Cuts “Most Stolen” Cars Theft Rate in Half with Software Upgrade

A few years ago, late model Hyundai and Kia vehicles were in the spotlight — the kind no automaker enjoys. Car thieves found a simple way to steal the cars because there were no immobilizers on them. The issue became such a problem a documentary film about the Kia Boyz was made, revealing the dangerous exploits of the car thieves. The automakers implemented a software update that appears to have put a dent in the problem. Go to Headlight.News for the story.

Rivian Beats Q2 Earnings Estimates, Predicts Q4 Profit

Rivian Beats Q2 Earnings Estimates, Predicts Q4 Profit

EV maker Rivian beat its second quarter earnings estimates, but more importantly predicted it would be in the black for the first time ever in the final quarter of 2024. A series of cost cutting measures and changes to the way the company sells vehicles combined to make the second quarter a good one. Find out more at Headlight.News.

Lucid Secures More Funding, Beats Analysts Q2 Earnings Estimates

Lucid Secures More Funding, Beats Analysts Q2 Earnings Estimates

EV maker Lucid Motors offered up good news during its second quarter earnings call as it secured as much as $1.5 billion in new cash just in time to begin production of its second vehicle, the Gravity SUV. The company also managed to beat analysts’ estimates for the quarter. Find out more at Headlight.News.

New Mobile Auto Repair Service Software for Dealers Kicks Off

New Mobile Auto Repair Service Software for Dealers Kicks Off

If anyone thought Tesla’s mobile vehicle service fleet was a great idea, don’t worry, you’re not alone. In fact, some of the team who helped develop it decided it was good enough to tweak it and pitch it to auto dealers. And many also agreed and now San Francisco-based Curbee is in business. Find out more at Headlight.News.

Investors Unhappy with Tesla’s Results, Musk’s Explanation

Investors Unhappy with Tesla’s Results, Musk’s Explanation

Tesla’s second quarter results reflected the tough times the EV maker’s experiencing now that there is more competition and other issues impacting sales. While the company’s overall revenue rise slightly, its net income and automotive operations revenue took massive hits. Moreover, CEO Elon Musk doesn’t seem too bothered by the numbers. Get details at Headlight.News.