Honda is cutting its planned investment in battery-electric vehicles by 30%, its CEO citing “the current market slowdown.” The automaker still plans to launch two all-new “0-Series models” next year but will slow down and stretch out development of other all-electric products. It’s not likely to be the last automaker to rethink EV spending, reports Headlight.News.
Sales of the all-electric Dodge Charger Daytona have been underwhelming. The Fratzonic exhaust hasn’t been music to the ears of muscle car mavens, but to bolster the numbers, a gas-powered version is coming. To make room, Dodge cut the R/T base model leaving only the all-electric Scat Pack available for 2026. Get details at Headlight.News.
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.
Stellantis reported Wednesday a 14% slide in revenues for the first quarter. The Euro-American automaker had previously forecast a turnaround later in the year but said during a webcast it was suspending future guidance in the face of Pres. Trump’s new auto tariffs. It joins GM and Mercedes in warning that sales and earnings could be at risk. More from Headlight.News.
The promised turnaround at Stellantis all but sputtered out during the first quarter as sales in the U.S. dropped by double digits. With the search for a new CEO still ongoing, the Euro-American automaker struggles to find its direction, reports Headlight.News.
Back when Lee Iacocca was running Chrysler the company famously offered motorists a chance to “Buy a Car, Get a Check.” These days, the automaker is part of a trans-Atlantic conglomerate and Stellantis has a new pitch aimed at its U.S. union workers: quit your job and get a check. More from Headlight.News.
EV adoption rates are middling, but trying to get traditional muscle car mavens to accept an all-electric model, like the new Dodge Charger Daytona, has the Dodge folks working overtime. The brand’s new Charger Virtual Experience gives them one more tool to do just that. Check out the story at Headlight.News.
Stellantis continues to navigate through troubled ties as the company admits its profits fell 70% during 2024 and says it won’t be profitable again until 2025.
Dodge CEO Matt McAlear acknowledges demand for sub $30,000 sports car and admits that there’s a market for one as more customers want an affordable performance car.
Stellantis continued its quest to put the right executives in the right jobs, in the wake of former CEO Carlos Tavares’ early exit late last year. The biggest change was having current Americas Regions COO Antonio Filosa take on the role of global leadership of Quality. Filosa remains a candidate to succeed Tavares, as well. Get details at Headlight.News.
Dodge reportedly accelerates the launch of the ICE-powered Charger as consumer demand and changing market conditions force the brand to alter plans for the model.
Pres. Donald Trump has warned he may announce tariffs of up to 25% against two major trade partners, Canada and Mexico, as early as Saturday, February 1. Additional tariffs targeting China may also be announced. The potential impact could be felt far and wide — especially in the auto industry, with manufacturers facing a threat to profits and consumers facing the risk of higher prices. Some familiar vehicles could also disappear from the market, especially entry-level models.