With EV sales growth flattening out, automakers are struggling to find ways to charge them back up. A critical step will require the launch of new, affordable models like the Model 2 Tesla reportedly is developing. During an earnings call, Ford CEO Jim Farley said he’s not planning to cede the market to his rival, revealing that the second-largest Detroit automaker has a “skunkworks” project underway to develop new EVs that could match, perhaps even undercut what Tesla is working on.
Ford took a hit in the fourth quarter courtesy of a massive charge, reporting a loss for the period. However, the company saw its revenue rise and it finished in the black for 2023. Get details at Headlight.News.
Rivian plans to take a step closer to becoming a full-line automaker next month, the automaker confirming it will reveal its R2 line on March 7. Smaller than the existing R1T pickup and R1S SUV, the R2 models also will be more affordable, officials last year indicating they could start around $40,000. Get the details at Headlight.News.
Ford may be slowing its $11-billion EV investment program but it’s still rolling out new entries, and two of them will make their debut at the Chicago Auto Show this coming week. Notably, both the Mustang Mach-E Rally and F-150 Lightning Switchgear take aim at those looking for off-road-capable battery-electric vehicles, a growing EV niche. See the story at Headlight.News.
Automakers recalled more than 1 million vehicles Tuesday, with Honda leading the way. The Japanese automaker recalled 750,000 vehicles with airbags that could deploy unintentionally during a crash. GM also issued a recall for 300,000 vehicles. Find out more at Headlight.News.
BMW executives have repeatedly mentioned the Bavarian automaker’s product plans included plenty of future cars with manual transmissions, including one in particular: the Z4. The company confirmed plans for a “handschalter” model for 2025. Get details at Headlight.News.
Elon Musk created a fair share of controversy several years ago when he appeared to smoke a joint during an appearance with podcaster Joe Rogan. A new report is kicking up even more dust, the Wall Street Journal alleging money and drugs have improperly tied the Tesla CEO to the same board of directors that previously approved a $55 billion pay package for Musk.
The iconic Mercedes-Benz tri-star badge today graces a wide range of products, from the little CLA sedan to the flagship GLS crossover. It’s also found on one of the world’s most popular vans, the big Sprinter. And, as the German automaker accelerates its switch to zero-emissions propulsion, the latest model to go all-electric is the 2024 Mercedes-Benz eSprinter. Headlight.News spent a day in Southern California testing it out and discovered it was surprisingly fun to drive while delivering plenty of range. It also maintains the flexibility of the classic Sprinter and could even wind up with an RV option.
Headlight News for the Week of 2-5-24: Tesla Recalls, Musk’s Pay, Chicago and Geneva Auto Shows, Lexus GX Review and The Week Ahead. Check out the podcast for the latest.
Despite a modest increase in sales last year, Mitsubishi Motors earnings took a tumble during the most recent quarter. Bargain-basement pricing and rising incentives took much of the blame. But it hasn’t helped that the automaker has a miniscule product lineup that leaves little for dealers to sell. Company officials now hope to tap allies Nissan and Renault to help add new products to help put Mitsubishi back on the radar, especially in the critical U.S. market.
The National Highway Traffic Safety Administration moved its probe into Tesla’s power steering loss from a probe to an engineering analysis as the company recalled 2.2 million vehicles due to a font size issue. Get details at Headline.News.
If you want a brand-new car in the United States in 2024, it’s going to cost you $17,530 before options, taxes and tags. That’s the base price and destination charge of the 2024 Nissan Versa, the least-expensive new car you can buy. But how does it drive? Find out at Headlight.News.