Stellantis continues to navigate through troubled ties as the company admits its profits fell 70% during 2024 and says it won’t be profitable again until 2025.
Business
Lucid CEO Rawlinson Steps Down as EV Maker Keeps Posting Losses
EV maker Lucid Motors was expected to report it lost money during the final quarter of 2024, but the company’s earnings report featured a surprise element: the departure of its founder and CEO Peter Rawlinson. Get details at Headlight.News.
Satisfaction Rates Among EV Buyers Rose in 2024, Study Shows
Electric vehicle owners expressed a rise in overall satisfaction with their ownership experience, just the opposite of what they told J.D. Power last year for the 2025 U.S. Electric Vehicle Experience Ownership Study. The results appear to mirror the rise in EV sales in 2024. Find out more at Headlight.News.
EV Market Share Hits New Record
Who says the EV market is on the wane? Not U.S. consumers who bought a record number of all-electric cars, trucks and crossovers last month, according to the latest data. In January, battery-electric models accounted for 9.1% of the market, up nearly nine-fold over the last half-decade, despite the anti-EV push by the new Trump administration. Headlight.News has more.
Drivers Want Safer Cars Far More than Self-Driving Vehicles
A recent survey by AAA reveals that although faith in autonomous vehicle technology is on the rise, most American drivers would prefer to see more advancements in safety technology than having self-driving vehicles on the roads. Find out more at Headlight.News.
Honda, General Motors Continue to Drift Apart, Ending Fuel Cell Partnership
Honda Motor Co. and General Motors have been partners in a variety of efforts to improve technology and save money in the process. While some of the pairings have done well, Honda and GM have been steadily drifting apart for the past few years. Get details at Headlight.News.
Next Move: Trump Shutting Down All 8,000 Chargers at Federal Buildings; Selling Off Government EVs
Since his inauguration five weeks ago, Donald Trump has taken numerous steps to cripple the emerging U.S. EV market. His latest move: shutting down about 8,000 charger ports currently operating at federal government buildings. He also has ordered the GSA to get rid of the EVs it recently acquired for its fleet. More from Headlight.News.
Big Recall Adds to Tesla Woes as Automaker Ramps Up Incentives to Reverse Sales Slump
Tesla recalls 380,000 vehicles due to power steering issues that could cause a crash. It’s just the latest in a series of setbacks that sees the automaker ramp up incentives – including givebacks of up to $6,000 on Cybertruck – in a bid to reverse faltering momentum.
Stellantis Reveals New AutoDrive Hands-Free Tech — But Delays Availability
Stellantis is late to the hands-free party but plans to arrive with a bang. It’s newly introduced AutoDrive system is designed to allow the driver to take their hands and eyes off the road in low-speed situations. However, officials aren’t making the system available right now. Get the details at Headlight.News.
Here’s More on the VW Concept Hinting at a New, “Affordable” EV
Volkswagen released a pair of sketches showing off a new concept dubbed the ID.EVERY.1. They reveal the direction the German automaker plans to take when it launches a new, entry-level battery-electric vehicle in 2027. But what else have we learned about the show car and ID.1 production model to follow? Headlight.News has more.
Jury Hits Ford with $2.5B Verdict in Georgia Super Duty Rollover Case
A Georgia jury awarded over $2.5 billion to the survivors of a couple who were killed in 2022 when their Ford Super Duty pickup rolled over. It’s a record award to come a Georgia court and one of the highest affecting an automaker in the U.S. Headlight.News has more....
EV and Hydrogen Truckmaker Nikola Files Chapter 11; Will Try to Sell Assets
Phoenix-based Nikola Motors has filed for Chapter 11, becoming the latest start-up to go bust while targeting the EV and hydrogen fuel-cell markets. Nikola officials said the company now plans to sell off its assets, though it isn’t clear a buyer has yet emerged.