Could Stellantis abandon one or more of its 14 automotive brands? In light of the automaker’s weak second-quarter earnings, that is a distinct possibility, warned CEO Carlos Tavares. But which of those marques are the most endangered? Headlight.News takes a closer look and a few seem ripe for the chopping block.
If anyone thought Tesla’s mobile vehicle service fleet was a great idea, don’t worry, you’re not alone. In fact, some of the team who helped develop it decided it was good enough to tweak it and pitch it to auto dealers. And many also agreed and now San Francisco-based Curbee is in business. Find out more at Headlight.News.
Analysts predict sales of new cars, trucks and SUVs in July won’t set the world on fire — just like last month. This means the industry will need to wait another month to recover the sales lost due to the cyberattack against the nation’s auto dealers. Find out more at Headlight.News.
It will be up to a California court to determine the outcome of a long-running suit pitting two EV manufacturers, Tesla and Rivian. The bigger of the two has accused its rival of stealing trade secrets and a judge has ruled the case will have to go to trial after Rivian filed to get it dismissed earlier this week.
As car prices continue to increase, the fallout is growing with new car prices pushing more buyers into the used vehicle market. Unfortunately, this is also causing used car prices to rise, and buyers who think going for a much older used car on the lot will spare them the pain they’re going to be in for a shock.
It wasn’t expected to be a good quarter for Ford Motor Co. Even then, the automaker’s second-quarter earnings managed to fall short of Wall Street’s expectations. That sent Ford shares tumbling by 11%, even though company leaders tried to assure investors they’re “on track” to deliver a full-year profit. More from Headlight.News.
Tesla’s second quarter results reflected the tough times the EV maker’s experiencing now that there is more competition and other issues impacting sales. While the company’s overall revenue rise slightly, its net income and automotive operations revenue took massive hits. Moreover, CEO Elon Musk doesn’t seem too bothered by the numbers. Get details at Headlight.News.
Battery-electric vehicles use half as much energy to run a given distance as do vehicles powered by gasoline, according to a new study by Yale University. And the cleaner and more efficient the source of electricity used to charge a vehicle the better the equation gets.
EV maker Tesla reported its overall revenue increased slightly in the second quarter, but it wasn’t because of its automotive operations, which fell 7%. The company reported net income and adjusted earnings were down year-over-year as well. Get the details at Headlight.News.
General Motors officials offered good news with the company’s second quarter earnings report, with revenue and profits up for the quarter as well as the first half of the year. In fact, the results were good enough for the company to revise its full-year earnings expectations upward. Find out more at Headlight.News.
Not long after it was founded, Cadillac adopted the slogan, “Standard of the World.” Many decades late, the luxury marque appears to be looking to be that once again. The brand’s latest effort, the Sollei Concept, reflects the company’s commitment to being the best of the best. Get the full story at Headlight.News.
Americans continue to pay near-record prices for new vehicles and they’re financing the purchases at near-record interest rates. The result? Vehicle repossessions rose 23% in the first half of the year. Find out more at Headlight.News.