Genesis has confirmed that the spicy GV60 Magma EV is headed for production. Goodwood of Speed debut will give potential buyers a glimpse of what they can expect when the model begins production next fall.
Automakers
Biden Administration Doles Out $1.1B to GM, Stellantis to Convert Plants to EV Production
Although EV sales aren’t going at breakneck speed these days, automakers are still churning out new models and planning for future models. To make that easier, the Biden administration awarded $1.1 billion in grants to General Motors and Stellantis to convert existing plants to build electric vehicles and components. Get details at Headlight.News.
Americans Deeper Underwater Than Ever on New Vehicle Trade-Ins
Nearly a quarter of all new vehicle buyers in the U.S. owed more on the vehicle they were trading in than it was worth. Being “underwater” isn’t uncommon, but the percentage was the highest it’s been in three years. Find out more at Headlight.News.
These Are the Best EVs You Can Buy Today According to Consumer Reports
From compact crossovers to full-size SUVs, roughly 100 new battery-electric vehicles have come to market over the last two years. But which ones are the best when you factor in things like range, reliability, maintenance and everyday practicality? Consumer Reports has named its 14 top choices and it includes a variety of different sizes, prices and features. But three brands – Hyundai, Kia and BMW – stood out.
2025 Cadillac Escalade IQ Will Reportedly Have Flagship Pricing
The Cadillac Escalade IQ is shaping up to be a key player in the flagship luxury SUV segment with the brand hoping that the large SUV will be able to carve a slice of the market for itself while also pushing the brand into new territory. Pricing was rumored to be befitting of its flagship role and a new report appears to shine additional clarity on the matter.
Foreign Brands Now Produce More Vehicles in the U.S. than Detroit’s Big Three
It’s been four decades since Honda started building Accords at a new plant in Marysville, Ohio. Today, foreign-owned manufacturers are producing more vehicles in the U.S. than Detroit’s Big Three. And the gap is only expected to widen, in part due to local production mandates covering battery-electric vehicles, reports Headlight.News.
Subaru’s Project Midnight Pushes The Envelope of WRX Performance
Subaru’s Project Midnight is preparing to make a potent performance statement for the Japanese auto giant. A full carbon fiber body and big performance upgrades are only a few of the tricks that this special WRX will bring to the fabled Goodwood Festival of Speed.
Lucid Gets a Reprieve as Price Cuts Help it Gain Market Traction – But Saudi Cash Remains Key
It’s been a tough year for EV start-ups, Fisker filing for bankruptcy, and several others expected to follow. But there have been a few glimmers of hope. Price cuts helped Lucid outperform sales expectations during the second quarter, buying it time to bring a second product line to market later this year. But with Wall Street still skeptical, the California manufacturer remains critically dependent on cash from the Saudis, Lucid’s largest investor.
Mazda Adds New Hybrid to 2025 CX-50 Portfolio
Mazda generated a lot of buzz when it introduced the CX-50 last year. The Japanese automaker appears to be looking keep that excitement going for the 2025 model year by adding a hybrid model to its lineup. Read all about it at Headlight.News.
2025 Nissan Rogue Rock Creek Puts Trail Capability In a Smaller Package
2025 Nissan Rogue Rock Creek attempts to bring trail-ready capability into a smaller package. Will be part of a broader effort to expand the appeal of Rock Creek models to a bigger pool of potential customers.
Porsche Keeps Shifting … to All-Electric Lineup with End of Gas-Powered Macan
Porsche augments its move to an all-electric Macan lineup with the discontinuation of the 718 duo, the Boxster and Cayman. Changes begin this fall. Find out more at Headlight.News.
Car Sales Rebound – EV Sales Beat Forecast – Stellantis Job Cuts – Which Brand Has The Best Quality – Car Review -This Week in Automotive History
This week’s edition of the Headlight.News podcast focuses on rebounding car sales including EV sales beating analyst predictions. We also find out which brand has the best quality and talk about recently announced job cuts at Stellantis. A look at This Week in...