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Paul Eisenstein

Musk Shuts Down Hyperloop

Musk Shuts Down Hyperloop

It was supposed to provide a high-speed alternative to air travel, but Elon Musk is quietly shutting down his once-promising hyperloop company at the end of this year. Its assets are being sold off to a Dubai-based shipping company, though it’s far from clear that will ever bring the maglev system into real-world operation. Get details at Headlight.News.

Hyundai’s Ioniq 2 Could Be the Low-Cost EV the Market Needs

Hyundai’s Ioniq 2 Could Be the Low-Cost EV the Market Needs

The EV share of the U.S. new car market has grown over 800% since 2019 – but it’s flattened out in recent months and industry analysts say the high cost of today’s all-electric models is a major problem as EVs go from niche to mainstream. Hyundai hopes to address that problem, a senior exec has hinted, with a new entry model likely to be dubbed the Hyundai Ioniq 2. More from Headlight.News.

U.S. Sets New Fuel Economy Record – But Detroit Makers Lag Imports

U.S. Sets New Fuel Economy Record – But Detroit Makers Lag Imports

The U.S. auto industry set a new fuel economy record in 2022, according to the EPA – though Detroit’s Big Three automakers lagged both foreign-owned brands and domestic start-ups. It marked the biggest improvement in mileage in nine years. More from Headlight.News .

Nearly Half of Buick Dealers Take GM Buyout Rather than Invest in EVs

Nearly Half of Buick Dealers Take GM Buyout Rather than Invest in EVs

Nearly half of all Buick dealers are taking buyouts from General Motors. Many Cadillac dealers accepted similar buyouts previously, and it reflects dealer concerns about the cost of converting their showrooms and service departments to handle battery-electric vehicles. GM plans to go 100% EV by 2035, though the automaker is adjusting the pace of that transition as EV sales growth slows.

Rising Incentives, Lower Prices – Vehicle Buyers Have Reason to Celebrate

Rising Incentives, Lower Prices – Vehicle Buyers Have Reason to Celebrate

After three years of rising prices and a lack of traditional sales incentives, new vehicle buyers have good reason to celebrate this holiday season. Sticker prices are stabilizing and, in some cases, are even falling. Meanwhile, incentives are back in a big way, and are expected to continue rising in the months to come, reports Headlight.News.

Canada Banning Combustion Engine Sales by 2035

Canada Banning Combustion Engine Sales by 2035

Canada is the latest country planning to require automakers to sell 100% zero-emissions vehicles by 2035, though that could include hydrogen fuel-cell vehicles, as well as EVs. Two Canadian provinces previously laid out the same target — as have a number of other countries, including the United Kingdom. More from Headlight.News.

Mercedes Getting “Hyper-Personal’ at CES 2024

Mercedes Getting “Hyper-Personal’ at CES 2024

More than 500 automakers, auto suppliers and other “mobility” manufacturers will be on hand for this year’s Consumer Electronics Show, including Mercedes-Benz. The German luxury brand plans to introduce a “hyper-personalized” version of its MBUX infotainment system, using AI to deliver a more “natural, human-like interaction.” Headlight.News looks at what Mercedes, BMW, Honda and other automakers have in store for CES 2024.