The U.S. Department of Energy finalized a $9.63 billion loan for Ford Motor Co. and South Korea’s SK On to help finance the construction of three new EV battery plants in Tennessee and Kentucky. Get the final details at Headlight.News.
Tesla
Mercedes Teases All-Electric Van Ahead of U.S. Return
Mercedes released teaser images of what will be a new line of family-sized all-electric vans. Based on its EV-only VAN.EA platform, the German automaker is confident enough to bring it back to the U.S. market where it’s been out of the people-mover segment for some time.
Tesla Takes Top Four Spots in 2024 Made in America Auto Index
Texas-based EV maker Tesla becomes “more American” this year by capturing the top three spots in the 2024 Made in America Auto Index and while sharing No. 4 with Ford. The Tesla Model 3 Performance was the top finisher. Find out the rest at Headlight.News.
Tesla Model Q Could Be Tesla’s “Affordable” EV After All
Tesla’s on-again/off-again effort to develop an affordable EV may be on again, at least according to a report by Deutsche Bank. It issued a new report claiming the automaker will launch a new vehicle that could come in under $30,000 in the U.S. — at least with the help of federal tax credits, though those may go underway when the Trump administration returns to the White House next year. Get details at Headlight.News.
GM Halts Cruise Robocab Program
General Motors is shutting down its Cruise robocab program, shifting resources to the development of self-driving privately owned vehicles. The move comes a year after the subsidiary was blamed for a near-fatal accident near its San Francisco headquarters. It effectively hands what proponents see as a potentially huge market to competitors like Waymo and Tesla.
Lucid Hopes to Get Off the Ground as Production of Gravity SUV Begins
Lucid Motors has started rolling out its second product line and the all-new Gravity line is likely to determine whether the struggling start-off takes to the air or comes crashing back to earth. The first version of the electric SUV will start at $96,550, with lower-priced trims to follow late next year.
EV Charging is About to Get A Lot Easier
Whether you love ‘em or hate ‘em, there are some clear challenges to owning an EV, starting with using public chargers. The good news is that more and more are going in across the country – and seemingly by the day. And it’s about to get easier to use them without having to set up separate accounts with each charger brand. In fact, you’ll soon be able to “plug-and-charge” without having to use an app or credit card, making the process even easier than getting gas.
Sony-Honda Set to Reveal Near Production-Ready Afeela EV at CES
Four years after announcing plans to set up its own mobility division – and three years after confirming it would partner with Honda to develop a new EV – Sony will reveal a near production-ready version of an all-electric sedan at the Consumer Electronics Show next month. The all-wheel-drive model will put a premium on in-car entertainment technology and be marketed under the brand name Afeela.
Declining Interest Rates and Inflation Pay Off in Increased Auto Sales
With sales of electrified sales climbing, even as inflation and interest rates fall, Ford, Toyota, and Honda all reported strong sales in November. General Motors also hinted it had a big month while Tesla pulls back on Cybertruck.
Tesla Pauses Production Of CyberTruck as Demand Slides and Problems Emerge
Tesla halts production of the CyberTruck as the company grapples with slowing demand and a growing list of quality issues for the futuristic truck. When Tesla first announced that it was building the CyberTruck, the news was initially met with optimisim and a strong...
Consumer Reports Has Some Big Surprises as it Hands Out its Annual Automotive Report Card
Ready to invest in a new car, truck or crossover? There are plenty of choices these days. But how do you know what’s right for you? Consumer Reports is offering a helping hand as it releases its Automotive Report Card. The annual study helps you figure out which brands and models are reliable, feature-loaded and fun to drive – and which products to steer close of. And this year’s report contains more than a few surprises.
Western Automakers Losing Ground in China; GM Takes $5 Billion Charge, May Close Plants
Not all that long ago, foreign manufacturers like General Motors, Ford and Volkswagen dominated the Chinese automotive market where, in some cases, they were making their biggest profits. Now, as domestic competitors like Geely and BYD gain traction, times have changed. On Wednesday, General Motors revealed plans to take more than $5 billion in charges to restructure its Chinese operations and is likely to close some of its plants there. But it’s far from the only international manufacturer struggling in the world’s largest automotive market.