As automakers revamp their electric vehicle strategies, October’s global sales results may give them reason to rethink it again. EV sales jumped 35% last month with China leading the way. Find out more at Headlight.News.
Michael Strong
Nissan Gets New Activist Investor, Shares Jump on News
Days after announcing a major acceleration in its plans to cut costs — including eliminating 9,000 jobs — Nissan Motor is getting a bit of a boost. Courtesy of a regulatory filing, it was revealed Effissimo Capital Management took a 2.5% stake in late September. Find out what it means and why shareholders are excited at Headlight.News.
Consumers Happier with New Vehicle Buying Process This Year
Lower prices and more choices made consumers a bit happier about the new vehicle purchasing process, say the experts at J.D. Power & Associates. The 2024 U.S. Sales Satisfaction Index Study revealed a small increase in the results. Check out the story at Headlight.News.
Rivian Falls Short of Wall Street Predictions While Lucid Exceeds
EV makers Rivian and Lucid reported their third quarter earnings results. When the dust settled Rivian was reassuring shareholders while Lucid was celebrating with them. Find out how each automaker did at Headlight.News.
Nissan Slashes 9K Jobs, Cuts Production 20% After Disastrous First Half of 2024
Nissan Motor Co.’s struggles not only continued in the first half of fiscal year 2024, they worsened. The results forced the automaker to make dramatic moves to shore up losses, including slashing 9,000 jobs worldwide and cutting production by 20%. Find out more what happened at Headlight.News.
Rising Inventory Levels Giving More Power to New Vehicle Buyers
New data reveals that consumers may be in the driver’s seat when it comes to getting a good deal on a new vehicle. According to Cloud Theory, new vehicle inventory levels are approaching oversupply, which shifts things in favor of new vehicle buyers. Get details at Headlight.News.
Automakers Flock to SEMA Show to Display Latest Aftermarket Wares
One area that often gets lost in the shuffle for automakers is their aftermarket business. However, each year they all converge on Las Vegas for the annual SEMA show to show off what consumers can buy to make their vehicles go faster, be louder, ride higher or go more places. Headlight.News offers a sampling of what you can find at the show.
Feds End Query into 411K Ford Vehicles Suddenly Losing Power
The National Highway Traffic Safety Administration announced it was ending its investigation into complaints about a problem with Ford pickups and SUVs suddenly losing power. It covered as many as 411,000 vehicles. Get details at Headlight.News.
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.
Aptera Takes Next Step Toward Production with Latest Testing
Aptera Motors, best known for its awkwardly shaped three-wheeled vehicle, completed a successful low-speed drive of its production-intent vehicle. The vehicle performed an outdoor lap of its facility in San Diego for its real-world validation and testing. Find out more at Headlight.News.
Stellantis Reports 27% Decline in Q3 Revenue, Confirms Full-Year Guidance
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.
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.