Nissan showed its former CEO who’s “The Boss” as it won a battle in court ordering Carlos Ghosn to return a 121-foot yacht of that name, along with $32 million in damages. That’s the latest twist in a battle that began when the executive was arrested for alleged financial crimes in 2018.
Analysts at Cox Automotive predict new vehicle sales in the U.S. will drop 2.1% on a year-over-year basis. They point to expected declines by General Motors, Toyota and Stellantis as the primary reason for the slide. However, it’s not all bad news. Find out why at Headlight.News.
Stellantis Plans to lay off hundreds of full-time and seasonal employees starting October 1 as it enters “full execution mode” aimed at coping with slumping sales and earnings. But the cuts could lead to further friction even as members of the United Auto Workers Union vote on whether to authorize a strike at the Euro-American automaker.
Consumers in the auto space continue to buy what they already have, according to the J.D. Power 2024 U.S. Automotive Brand Loyalty Study. Despite increased incentives and inventory issues, new vehicle buyers in larger numbers this year are sticking to the brand they currently own. Find out more at Headlight.News.
Once one of the most respected executives in the auto industry, CEO Carlos Tavares is coming under withering fire from investors, dealers and employees as the company’s fortunes fade – especially in North America, its most profitable region. With his contract set to expire early next year, the automaker is considering whether it’s time for a management shake-up.
Ram, Stellantis’ truck unit, rolled out its 2025 model year light-duty pickups earlier this year, putting its 2500 and 3500 offerings on hold — until now. While not a full release, the company’s providing an early look at the portfolio before its full reveal sometime next months. Check out the new models at Headlight.News.
A Congressional panel ay approved a new measure that would ensure all new vehicles sold in the U.S. come equipped to receive AM radio. A number of auto manufacturers have begun phasing out that band, some claiming that electric vehicles interfere with AM signals.
The Biden administration pushed forward with plans to make it difficult to import vehicles from China. The Department of Commerce proposed a rule that would ban vehicles equipped with Chinese-made connected vehicle technologies. Get details at Headlight.News.
Automotive journalism has been filled with men and women who were memorable for their dedication to their craft as well as their colorful personalities. David Smith fits that description or perhaps, the description fits Dave. A mentor to scores of reporters and editors for decades, Smith died Thursday. He was 93. Read more at Headlight.News.
Jeep, along with Ram, are Stellantis’ cash cows, providing the funding for brands that, if not on life support, don’t realize nearly the profits that these American powerhouse brands bring. So, you have to wonder: What took Stellantis so long to realize that Jeep had issues — major issues. Find out more at Headlight.News.
The maker of the off-road-focused Grenadier, Ineos Automotive, plans to stop production of the SUV at is plant in France. The company says financial issues at a supplier resulted in a parts shortage, forcing the stoppage. Get details at Headlight.News.
Like so many other automakers making electric vehicles, General Motors signed on to use the Tesla Supercharger network. Now owners of Cadillac Lyriqs, Chevrolet Equinox EVs and more can use the chargers with a new NACS DC adapter from the automaker. Find out more at Headlight.News.