Will it or won’t it? That’s the big question in the racing world this week as Toyota reportedly prepares to announce plans to reenter Formula 1 racing. It would mark a return after a failed effort ended 15 years ago. But Toyota is said to be partnering up this time, likely with the American F1 Haas team.
Back-to-back quarterly sales drops seems to have CEO Elon Musk’s attention. Always looking for ways to bolster deliveries, Tesla’s offering a new long-range variant of the Model 3 sedan. Get details at Headlight.News.
Things are back to normal at 15,000 U.S. showrooms after a hack that brought operations nearly to a halt last month. Data processing firm CDK apparently paid a $25 million ransom to regain control of software controlling everything from sales prospects to payroll. But the damage has topped $1 billion in lost sales and other issues.
More than half of the automotive models now on sale offer some form of partial automation, whether to help steer, brake or accelerate. Manufacturers have promoted these technologies as a way to reduce crashes, injuries and fatalities – but, with the exception of front automatic emergency braking, a new study finds “partial automation…doesn’t confirm additional safety benefits.”
Although EV sales aren’t going at breakneck speed these days, automakers are still churning out new models and planning for future models. To make that easier, the Biden administration awarded $1.1 billion in grants to General Motors and Stellantis to convert existing plants to build electric vehicles and components. Get details at Headlight.News.
Nearly a quarter of all new vehicle buyers in the U.S. owed more on the vehicle they were trading in than it was worth. Being “underwater” isn’t uncommon, but the percentage was the highest it’s been in three years. Find out more at Headlight.News.
It’s been four decades since Honda started building Accords at a new plant in Marysville, Ohio. Today, foreign-owned manufacturers are producing more vehicles in the U.S. than Detroit’s Big Three. And the gap is only expected to widen, in part due to local production mandates covering battery-electric vehicles, reports Headlight.News.
It’s been a tough year for EV start-ups, Fisker filing for bankruptcy, and several others expected to follow. But there have been a few glimmers of hope. Price cuts helped Lucid outperform sales expectations during the second quarter, buying it time to bring a second product line to market later this year. But with Wall Street still skeptical, the California manufacturer remains critically dependent on cash from the Saudis, Lucid’s largest investor.
Mazda generated a lot of buzz when it introduced the CX-50 last year. The Japanese automaker appears to be looking keep that excitement going for the 2025 model year by adding a hybrid model to its lineup. Read all about it at Headlight.News.
He spent years as a major force behind one of the world’s most dangerous sports – auto racing. Now, Jean Todt has taken a lead role in a new United Nations effort to address the “pandemic” of highway deaths. Its new, ad campaign hopes to halve the number of road fatalities – over 1 million annually – by 2030.
Porsche augments its move to an all-electric Macan lineup with the discontinuation of the 718 duo, the Boxster and Cayman. Changes begin this fall. Find out more at Headlight.News.
The future of transportation is looking up – quite literally. Imagine, instead of an hour to 1 ½ hour drive to the airport, you can hop into a flying taxi somewhere in or around your neighborhood and get to the airport to fly on your scheduled long-haul jet in less than 10 minutes. That would be a game changer for modern, personal travel. It’s actually happening sooner than you may think.