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.
After a rough start, Tesla appeared to get back on track during the third quarter, beating both sales and earnings estimates. But, buried amidst all the financial data, CEO Elon Musk said there won’t be a $25,000 Tesla and the EV maker’s potentially rocket-powered Roadster is delayed – again. But he may be working on a flying Tesla.
When Tesla finally delivered the first Cybertruck 11 months ago it missed the mark in a number of ways, starting with range. While CEO Elon Musk originally promised a version that would clock 500 miles per charge, its currently delivering a max 301 miles. To get close to the original target would require purchasing a range-extender battery, Tesla said. But that now is missing the mark, too.
Hoping to charge up sales of the Mustang Mach-E, Ford will cut the price by as much as $6,000 for the 2025 version of the all-electric crossover. That’s on top of a handful of other changes, including a revised shifter, a new Sport Appearance Package and upgraded BlueCruise technology.
Ashes to ashes, dust to rust. The life of an automobile is fairly limited. And the same can be said for automotive nameplates. With only the rarest exceptions, even the most popular badges have finite lives, as the Ford Model Y and Volkswagen Beetle proved. With the arrival of the 2025 model year there are still more nameplates set to drive off into the sunset, the Chevrolet Malibu being just one of the best-known examples. Here’s a look at some other product lines we won’t see going forward.
It’s a put-up-or-shut-up-day for Elon Musk as Tesla prepares to reveal its long-promised Cybercab, but the company has plenty of other challenges facing it right now, starting with the departure of four top-level executives leading an exodus of talent as insiders balk at the CEO’s increasingly erratic behavior.
The Paris Motor Show has traditionally been a big event for European automakers and, in some ways, it could prove even more important this year, as Western manufacturers roll out new products designed to hold back increasingly aggressive Chinese competitors. Headlight.News looks at some of the most important products set to debut in the City of Lights this coming week.
Ford has some big news for SUV buyers, the full-size Expedition line getting a complete makeover for 2025. Buyers can look for an updated design, plenty of new tech features, including a split tailgate, and a new, “off-road capable” Tremor trim. Here’s a first look.
Tesla posted a modest upturn in sales for the third quarter after losing ground during the first half of the year. And it wasn’t alone. EVs, PHEVs and conventional hybrids staved off what could have been a much sharper downturn for the U.S. auto industry, helping prop up major manufacturers including General Motors, Ford, Toyota and Mitsubishi.
September and third quarter sales proved disappointing for automakers after months of steady gains. But electrified vehicles created a bright spot for GM and several other manufacturers — and accounted for nearly half of Toyota’s sales in the U.S.
Ford CEO Jim Farley announced plans today to offer free home chargers and installation to buyers of the company’s slow-selling electric vehicles. Farley took to LinkedIn to outline the company’s newest incentive, the Ford Power Promise, to sell EVs while continuing to show his advocacy for them. Get details at Headlight.News.
Conventional wisdom might seem to suggest that EVs have come unplugged, with traditional automakers such as Ford Motor Co. and Volkswagen AG pulling back on their plans to go all-electric. But don’t tell that to the folks in Norway. As contributing editor Joe Szczesny discovered during a visit this week, you’ll have to look hard to find a new vehicle drawing power from a tank of gasoline.