Off-road beast maker Ineos plans to push back production of its first all-electric model, the Fusilier SUV, from 2027 to an unknown introduction date. Ineos produces two off-road focused vehicles, the Grenadier and Quartermaster, and introduced the Fusilier in February. Get more details at Headlight.News.
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Sales Crashing, Stellantis Orders Temporary Layoffs
U.S. automakers reported strong sales overall for June and the second quarter – with a handful of notable exceptions. In the case of Stellantis, a 21% decline has led the automaker to order temporary layoffs at two plants – with more cuts possible.
Hackers Hijack June Sales, Automakers Report Mixed Sales Picture
Hackers blurred the sales picture for June. But it appears that overall demand was less than stellar, major brands like GM, Toyota and Hyundai reporting modest declines for the second quarter overall. That said, EV sales were stronger than anticipated — with one key exception.
Who Says EV Sales Are Slowing? Tesla, Maybe – But Not GM, Ford, Toyota or the Koreans
It’s become conventional wisdom that EV sales are slowing. With one high-profile exception, the latest numbers would tell you quite the opposite is true. As data roll in for June and the second quarter we’re seeing a number of manufacturers reporting solid increases...
CDK Global Says It’s on Track to Get System Restored, Dealers Lose Nearly $1 Billion
The ongoing CDK Cyberattack crippled 15,000 dealerships across the country but there appears to be light at the end of the tunnel with CDK confirming that it will fully restore its services on July 4th.
Gas Prices Rise Ahead of July 4th Holiday Weekend
Prices at the gas pump remained uncharacteristically flat through the first month of the summer season, but that’s changed with the looming Independence Day holiday weekend. The national average rose to $3.50 a gallon — up 5 cents and it may continue. Get details at Headlight.News.
Mercedes Pumping New Life Into its Gas Engines
With the EV market taking longer to charge up than many have expected, Mercedes-Benz is putting money back into the development of internal combustion technology, as well as hybrids, CEO Ola Kallenius said. But the automaker isn’t scrapping plans for a new EV architecture, despite recent reports, the executive said.
Analysts Predict Tesla Deliveries to Drop for Second Straight Quarter
Electric vehicle sales have been pretty steady as a group, but that’s in large measure due to Tesla, the segment leader, seeing sales drop since the start of the year. Analysts predict Tesla’s global deliveries will drop at least 3% during Q2 while other EV makers are making gains. Find out more at Headlight.News.
Automakers Demand Rollback of New Pedestrian Safety Rules
With fatalities rising fast, NHTSA has enacted rules requiring the use of sophisticated detection and auto-braking technologies intended to protect pedestrian – as well as those riding bicycles and motorcycles. But automakers are pushing back, claiming they can’t meet the new mandates set to go into effect in 2029.
Polestar Reports Massive 2023 Losses as the Company Faces Questions About its Future
Polestar reports increased losses for the 2023 fiscal year as the company faces renewed questions about its long-term future amid struggles with cash burn and slumping EV demand.
Ram, Porsche Top J.D. Power’s 2024 Initial Quality Study
The constant addition of new technologies to new vehicles continues to give automakers problems with quality, according to J.D. Power’s latest Initial Quality Study. The same study shows Ram and Porsche were the top quality brands in their categories. Go to Headlight.News for more details.
Hyundai Jumping into Low-Priced EV Fray with Inster — Will it Come to U.S.?
One of the big problems with getting wider acceptance of electric vehicles is the price. So many EVs are priced well beyond the means of the average buyer. Finally some companies are working on the “$25K” electric vehicle, including General Motors, Tesla and now Hyundai. But will it come to the U.S.? Check out the story at Headlight.News.