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Rivian Slashes 10% of Salaried Staff, Trims Production as EV Sales Growth Slows

Rivian Slashes 10% of Salaried Staff, Trims Production as EV Sales Growth Slows

Rivian announced it will slash both its corporate staff and production this year after reporting more than $1.5 billion in losses for the final three months of 2023. Even as it prepares to unveil an entirely new family of battery-electric vehicles, CEO RJ Scaringe warned the nascent automaker “is not immune” to the headwinds battering the U.S. EV market after four years of record growth. Separately, EV startup Lucid also forecast flattening sales after reporting worsening losses.

First Drive: 2024 Honda Prologue — A Partnership Pays Off

First Drive: 2024 Honda Prologue — A Partnership Pays Off

Honda is finally getting into the EV game, the automaker getting ready to roll its first long-range model into U.S. showrooms in the coming weeks. The name is an appropriate one, the 2024 Honda Prologue set to become the first in a planned family of EVs set to debut later this decade. While future models will be developed in-house, however, the Japanese automaker took a shortcut with Prologue, turning to its longtime Detroit rival, General Motors for help. Headlight.News has the back story — and a first review of the 2024 Honda Prologue.

First Drive: 2025 Ram 1500: More Power, More Tech, More Money

First Drive: 2025 Ram 1500: More Power, More Tech, More Money

The full-size truck market is about to get more competitive as Ram rolls out a major update of the 1500 pickup. The 2025 package has plenty to offer, from two versions of the new Hurricane engine to the all-new premium Tungsten edition. There’s plenty of new technology, as well, including the new Hands-free Driving Assist system. But you can also expect to spend more money, Headlight.News headed to Texas Hill Country to get some time behind the wheel of the 2025 Ram 1500.

Cadillac Lyriq Regains $7,500 Federal Tax Credit — Gets Leg Up on Rivals

Cadillac Lyriq Regains $7,500 Federal Tax Credit — Gets Leg Up on Rivals

After revising its supply chain, Cadillac once again can offer $7,500 in federal tax credits to buyers of the Lyriq EV. The automaker briefly lost those incentives after the U.S. Treasury updated guidelines under the Inflation Reduction Act on January 1. The news means Caddy gets a critical advantage over a number of competing luxury EVs that have also lost their tax credits this year.

Ford Cuts Mach-E Pricing, Adds New F-150 Lightning Incentives

Ford Cuts Mach-E Pricing, Adds New F-150 Lightning Incentives

Hoping to perk up a slowing EV market, Ford Motor Co. has announced some lucrative financial deals for its two retail battery-electric models, the Mustang Mach-E and the F-150 Lightning. Price cuts on the electric crossover run as high as $8,100, while there’s as much as $12,500 in “bonus cash” on the battery pickup.

Volvo Announces New EX40 & EC40 Nameplates, Confirms Other Updates

Volvo Announces New EX40 & EC40 Nameplates, Confirms Other Updates

Volvo renames XC40 and C40 Recharge models EX40 and EC40 to help them fall in line with the rest of the EX lineup and also gives ICE-powered models separate updates as the company prepares to expand its presence in the green vehicle market while also giving the firm time to hone the bigger EX90 and EX30 model. Check out the story at Headlight.News.

From “Ruin Porn” to High-Tech Hub: Ford Set to Reopen Long-Abandoned Michigan Central Station

From “Ruin Porn” to High-Tech Hub: Ford Set to Reopen Long-Abandoned Michigan Central Station

When it opened 110 years ago, the Michigan Central depot was the tallest train station in the world and a showpiece for a city at its peak. Since it shut down in 1988, however, it’s been a symbol of urban decay and the decline of Detroit, in particular. Now, after a...