NEW: Get Updates by Email

Business

Ford Joins Ranks of U.S. Companies Abandoning or Scaling Back Diversity Programs

Ford Joins Ranks of U.S. Companies Abandoning or Scaling Back Diversity Programs

Ford Motor Co. will pare back its diversity efforts, joining companies like Lowe’s, John Deere and Beam Suntory, the producers of Jim Beam liquor who have entirely abandoned so-called DEI programs. Ford’s move was hailed by conservatives, but denounced as “shortsighted” by human rights advocates. For his part, CEO Jim Farley said the automaker will still work to creative an “inclusive workplace.”

Automotive Brand Loyalty Increases During First Half of 2024

Automotive Brand Loyalty Increases During First Half of 2024

For the first time in several years, the number of people buying a new vehicle remained loyal to the brand of car, truck or SUV they were getting out of. According to S&P Global Mobility, the first half registration data showed 52.5% of buyers remained loyal — a 1.9% increase on a year-over-year basis. Find out more at Headlight.News.

Hyundai Way Means Massive Sales Increase, More Hybrids, More Profit

Hyundai Way Means Massive Sales Increase, More Hybrids, More Profit

South Korean automotive behemoth Hyundai Motor expects to sell 5.5 million vehicles globally by the end of the decade, including 2 million EVs and 1.8 million hybrids. The global number represents a 30% jump over last year’s numbers. Find out more at Headlight.News.

New Vehicle Sales Expected to Make Big Jump in August

New Vehicle Sales Expected to Make Big Jump in August

The auto industry’s been expecting a big sales month at some point this summer in the wake of the CDK outage that cut into new vehicle sales in mid-June. Some thought it would come in July, but inventory levels we’re quite settled. But now it appears everything’s in place for a 7% year-over-year increase. Find out more at Headlight.News.

Lexus, Toyota Top List for Most Reliable Used Cars

Lexus, Toyota Top List for Most Reliable Used Cars

With the high cost of today’s new vehicles it’s likely no surprise that more buyers have turned to previously owned models. That doesn’t mean you have to sacrifice comfort, safety or fuel economy. But if you’re looking for something used you should consider which models are most reliable. And, according to a new study, Lexus and Toyota top the chart. Which other brands should you consider – or avoid? And what are the most reliable models? More from Headlight.News.

BYD, Stellantis Dismiss Rumored Chrysler Acquisition – But Chinese Maker May Still Seek Back Door to U.S. Market

BYD, Stellantis Dismiss Rumored Chrysler Acquisition – But Chinese Maker May Still Seek Back Door to U.S. Market

It’s been the subject of speculation for weeks, “knowledgeable sources” chattering amongst themselves about the possibility China’s BYD is in talks with Stellantis as it looks for a way to crack into the U.S. market. The two makers have firmly dismissed the rumors. But there seems little doubt Chinese automakers want to target the world’s second-largest automotive market and are sniffing around the North American auto industry looking for a way to break in.

Ford Joins Ranks of U.S. Companies Abandoning or Scaling Back Diversity Programs

Ford Revises EV Plans, Dumps 3-Row SUV, Delays Next-Gen Pickup

Ford officials revealed the company’s plan to adjust the production timing of its future electric vehicles as well as other future product changes. The moves are designed to improve the company’s profitability while ensuring it hits its long-term environmental goals. Find out more at Headlight.News.

Trump May End EV Tax Credits Even While Considering A White House Role for Tesla’ Musk

Trump May End EV Tax Credits Even While Considering A White House Role for Tesla’ Musk

The $7,500 federal tax credit for buyers of battery-electric vehicles could be dropped if Donald Trump returns to the White House next January, the presidential candidate said in an interview. At the same time, Trump said he’s open to finding a role for  Tesla CEO Elon Musk, possibly even making him a member of his cabinet.