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Paul Eisenstein

Tesla Weighed Down by $800 Million in Unsold Cybertrucks

Tesla Weighed Down by $800 Million in Unsold Cybertrucks

by | May 13, 2025 | , , , , , , ,

In the weeks after Tesla unveiled its Cybertruck in November 2019, the automaker claimed to have logged more than 1 million advance reservations. As it turns out, only a handful of those have been translated into actual sales. Now, the automaker has an estimated 10,000 unsold trucks piled up on dealer and factory lots – worth about $800 million. The lack of demand has led Tesla to pull the plug on a range extender option that was supposed to deal with the truck’s limited range. Headlight.News has more.

Stellantis’ U.S. Boss May Soon Be Running the Entire Company

Stellantis’ U.S. Boss May Soon Be Running the Entire Company

by | May 9, 2025 | , , , , , , , , , , , , , , ,

Nearly a half year after the unexpected resignation of Carlos Tavares, the founding chief executive of Stellantis, the Euro-American automaker has yet to name a replacement. But the search may be coming to an end, according to a new report which says Antonio Filosa, currently the head of Americas operations for Stellantis, has become the leading candidate.

Newer, Cheaper Version of Tesla Model Y Debuts

Newer, Cheaper Version of Tesla Model Y Debuts

by | May 9, 2025 | , , , , , , , , , , , , ,

The first major update of Tesla’s best-selling product line, the Model Y, has officially gone on sale. Known internally by its codename, Juniper, it’s also being offered in a newer, cheaper form, with a base rear-wheel-drive package dropping to $37,490 after factoring in federal tax credits. Whether that will reverse declining Tesla sales, hurt by widespread protests against CEO Elon Musk’s role in the Trump administration, remains to be seen. More from Headlight.News.

U.S. Lowers Tariffs on UK Autos, Steel After Reaching Trade Deal – But Agreement Doesn’t Bring Manufacturing to the States

U.S. Lowers Tariffs on UK Autos, Steel After Reaching Trade Deal – But Agreement Doesn’t Bring Manufacturing to the States

by | May 8, 2025 | , , , , , , , , , , , , , , , ,

Negotiators for the U.S. and UK reached what the two sides hailed as a “historic” trade deal Thursday, leading Pres. Donald Trump to slash tariffs on British steel, autos and auto parts. Final details still have to be worked out, according to several reports, but the deal puts a 100,000-vehicle cap on British auto exports to the U.S. which falls below the numbers reported in 2024 by the UK’s largest brands, Jaguar, Land Rover and Mini. The deal does not appear to meet a key Trump goal of shifting foreign manufacturing to the U.S. More from Headlight.News.

Ford Raising Prices on Mexican-Made Products

Ford Raising Prices on Mexican-Made Products

by | May 7, 2025 | , , , , , , , , , , , ,

Ford Motor Co. plans to raise prices on three popular product lines assembled in Mexico, according to an advisory sent to dealers. The automaker put the blame on the new Trump auto tariffs which, it said earlier this week, will add about $2.5 billion to its costs this year. The automaker has yet to say whether it also will raise prices on products produced at Canadian and other foreign plants, as well as those assembled in the U.S. using foreign-made parts. Headlight.News looks at whether othr products could see price hikes,

Stellantis Electrifies 2026 Jeep Compass with EV, PHEV and Mild-Hybrid Options

Stellantis Electrifies 2026 Jeep Compass with EV, PHEV and Mild-Hybrid Options

by | May 6, 2025 | , , , , , , , , , ,

Jeep formally unveiled the next-generation Compass SUV and it will come with an unusually wide range of powertrain options including an EV, a plug-in hybrid, and a mild-hybrid package. The 2026 Jeep Compass will debut in Europe, then North America and other markets, making it the brand’s most international model.  More from Headlight.News.

Duncan Aldred, GM’s New Head of N. America, Has a Tough Job Ahead

Duncan Aldred, GM’s New Head of N. America, Has a Tough Job Ahead

by | May 6, 2025 | , , , , , , , ,

General Motors has appointed veteran Duncan Aldred to run the company’s North American business operations. The British-born executive comes in at a critical time for the automaker which just warned expects to take as much as a $5 billion hit from Pres. Donald Trump’s auto tariffs. Headlight.News has more.