While most automakers are cutting back on their EV plans, Toyota Motor Co. is ramping up. And it’s taken the covers off the latest addition, the Lexus TZ set to become the luxury brand’s third all-electric model. Headlight.News has more.
Paul Eisenstein
Concerns Mount as Lucid Loses $1 Billion, Suspends Production Guidance
EV maker Lucid Motors generated a $1 billion net loss for the first quarter, reflecting both recall problems and the broader slowdown of battery-car sales. With its new CEO suspending full-year production guidance, new questions are being asked about Lucid’s long-term viability, reports Headlight.News.
Get a First Look Inside Ford’s Universal EV Program
Ford will soon launch what it bills as a revolutionary, low-cost, long-range EVs. We get a 1st inside look at the Universal EV project.
Hybrid Sales Set Record, Propped Up Weakening U.S. Auto Market
Hybrid sales set a record in April, accounting for about one in seven new vehicles sold by U.S. dealers – in the process helping prop up an otherwise weakening overall market. By year-end that could reach one in five, and it’s not just fuel prices driving the surge in hybrid demand. Headlight.News has more.
Trump Raising Tariffs on EU Autos to 25%
Buyers looking for a new European vehicle could soon see prices go up by thousands of dollars, Pres. Donald Trump hiking tariffs to 25% after accusing the EU of “not complying with our fully agreed to Trade Deal.” More from Headlight.News.
Automakers Set to Get Billions in Tariff Refunds – But Will Buyers Also Benefit?
Detroit’s Big Three automakers are in for windfall refunds from the federal government – a combined $2.3 billion coming back now that a key portion of the Trump tariff regime was ruled illegal by the U.S. Supreme Court. But buyers may not see a penny of that, reports Headlight.News.
17.3 MPH? Wisconsin Recycling Center is Just the Latest to Use an Odd Speed Limit to Get Your Atte1ntion
If you’re like most drivers, you probably pay scant attention to speed limit signs. While some authorities react by adding radar traps, a rural Wisconsin community is trying another approach with a sign that adds a decimal point. But it’s not the first to try this unusual approach, reports Headlight.News.
Ford, Stellantis Deliver Upbeat Q1 Earnings – But Not Everyone is Impressed
After taking a financial hammering last year, both Ford and Stellantis appear to be getting the new year off on a positive note, delivering unexpectedly strong first-quarter earnings. Ford got a boost from a big tariff refund, Stellantis from a sharp upturn in sales of Ram and Jeep models. More from Headlight.News.
Stellantis CEO Plans to Focus on Four Key Brands; Could This Spell the End for Chrysler, Lancia, Opel?
While it may have one of the most diverse brand portfolios in the industry, struggling Stellantis has a limited war chest to support them. So, going forward, new CEO Antonio Filosa plans to focus investments on just four of those marques. What happens to the other brands like Chrysler, Dodge, Lancia and Opel? Headlight.News has more.
Automakers Warn Tariffs May Force Them to Drop Entry Models
At a time when the typical buyer now spending around $50,000 to drive off the dealer lot, millions of American motorists are being forced out of the new vehicle market. Budget buyers could soon find their choices even more limited, however, depending upon negotiations to update the U.S. -Mexico-Canada Agreement. How that shakes out may lead a number of U.S. and foreign-owned automakers to drop their most affordable models.
Who Says EVs Are Dead? Not the Chinese
U.S. EV sales have stumbled badly since federal tax credits were phased out last September. But global demand remains strong – and continues to grow aggressively in the world’s largest automotive market. That positions China’s domestic automakers to take the lead in the battery-electric model, even in North America. Headlight.News has more.
“Drive Less,” Oil Exec Tells Americans Struggling With High Gas Prices
Struggling to deal with the surge in gas prices since the Iran War began? A senior oil industry executive has a two-word suggestion: “drive less.” Headlight.News has more.