Struggling Polestar faces some serious financial challenges now that Volvo, its Swedish parent, plans to cut off funding for the battery-electric startup. It’s the latest sign of retrenchment by the auto industry as the rapid growth of EV sales has started to flatten out. Volvo itself continues to move forward with plans to become an all-electric brand by decade’s end. Investors applauded the move — and Volvo’s stronger than expected earnings.
Ford was the first automaker to tie up with Tesla, announcing plans to switch to the NACS plug letting owners of products like the Mustang Mach-E and F-150 Lightning use the big Tesla Supercharger network. Ford CEO Jim Farley on Wednesday announced “eligible” owners...
The North American International Auto Show is returning to January, reversing an effort to build attendance by moving the annual event to a summer schedule. Like other auto shows in the U.S. and Europe, the Detroit Auto Show has suffered from declining interest by both the public and the automakers who once saw it as a must-attend event.
The New Year brings bad news for potential EV buyers as only a handful of models now qualify for federal tax credits of up to $7,500. That’s because of new requirements covering the sourcing of batteries and raw materials like lithium and cobalt. Among the brands impacted are Tesla, Nissan, General Motors and Ford. And analysts worry this could further slow growth of EV sales.
As recently as 2019 you’d have to struggle to find an EV at your local showroom. Today, however, there are more than 50 different nameplates available in the U.S., the vast majority offered with range exceeding 200 miles – and some products doubling that figure. But the pace of introductions is only set to accelerate, with dozens of new battery-electric vehicles soon coming to market. Headlight.News checks out the most interesting and important products debuting in 2024.
One of the nicest looking midsize SUVs you’ll find, the second-generation 2024 Volvo XC90 is an excellent of example of good looks and top-line technology. Check out the review at Headlight.News.
Poor performance of rear seat restraints cited as possibly causing injury in most of the tested models. Paying more for a midsize SUV doesn’t mean you’re safer in a crash – especially in the rear seat. That’s the message from the Insurance Institute for Highway...
The 2024 Volvo EX30 is one of the most critical new entries from the Swedish automaker in decades. It’s the first designed to be exclusively battery powered, anchoring Volvo’s ongoing shift to all-electric propulsion. Small on the outside, EX30 is surprisingly roomy inside and provides plenty of features and performance at a reasonable price tag — as Headlight.News discovered during several days of driving in Barcelona, Spain.
Ford is rethinking its commitment to battery-electric vehicles, at least in the near term, company officials revealed during an earnings call. It might seem a logical move considering the automaker lost about $37,000 on every EV it sold during the third quarter. But Ford is by no means the only automaker rethinking its commitment as growth in the electric vehicle market slows. Read the story at Headlight.News.
With rare exception, everything Volvo brings to market, going forward, will be all-electric. And that includes the brand’s first minivan. Images of the Volvo EM90 have begun leaking out and, not surprisingly, it bears a more than passing resemblance to the ZEEKR 009, the all-electric people-mover also being launched next year by the Swedish automaker’s Chinese parent, Geely.