With CEO Carlos Tavares resigning “with immediate effect,” and no successor in sight, Stellantis could face even more trouble trying to resolve the problems that saw its sales, earnings — and stock price tumble so far this year. The lack of a chief executive officer also comes at a time when the Euro-American automaker is set to launch an assortment of critical new products, including the first all-electric Jeep and Ram models aimed at the U.S. market.
Stellantis CEO Carlos Tavares resigned unexpectedly on Sunday, the automaker saying “different views have emerged” in recent weeks as the Euro-American automaker struggled to come up with a way to reverse weakened sales and earnings. No immediate successor was named, though it appears that the automaker’s Chairman John Elkann effectively will take control until a replacement is named. This is a breaking story. Headlight.News will have a longer analysis shortly.
President-elect Donald Trump again affirmed his plans to levy a 25% tax on all imported goods from Mexico and Canada. The constant threat has many worried about massive price hikes for new vehicles while others point to Trump’s reasoning for the tariffs and call it a negotiation ploy. Get details at Headlight.News.
If the Trump administration moves forward with plans to end federal EV tax credits California Gov. Gavin Newsom plans to activate state rebates to help maintain the state’s role as the biggest market for battery-electric vehicles. But there’s a catch: the governor plans to initiate a market cap that would likely exclude the state’s best-selling EV brand: Tesla.
With its EV sales in Europe and the U.S. slowing, Tesla has become more dependent on sales in China. But the competition is fierce, and trade tensions could hamper Elon Musk’s ambitious future. Musk’s central role in the incoming Trump administration further complicates matters.
It’s an iconic part of the Detroit skyline but, with General Motors moving its headquarters to a downsized alternative the fate of the massive Renaissance Center complex has been uncertain, some calling for its demolition, others hoping to find an alternative use. Now, GM is looking at a solution that’s a bit of both as it proposes a massive new “waterfront destination.”
Georgia politicians can now breathe easier as Rivian’s plans to build an electric vehicle production plant about an hour north of Atlanta appear to be back on track. The California-based EV maker secured a $6.6 billion loan from the Department of Energy to build the plant, which was put on hold earlier this year. The loan comes in addition to $1.5 billion in state incentives already granted. Details at Headlight.News.
As if you don’t pay enough in bridge and tunnel tolls to drive into Manhattan, things are about to get even more expensive for commuters and other visitors to New York City as the Big Apple launches a new $9 congestion fee starting January 5, 2025.
After being shown the black flag about a year ago, General Motors and TWG Global agreed to a deal to have Cadillac in the starting F1 grid in 2026. The deal will also have the Cadillac Formula 1 Team tracking to be a “full works” team by 2030. Get details at Headlight.News.
You might think that Toyota is the poster child for their fleet going hybrid. But check out Lamborghini. Gas-electric hybrids are flooding out of the automaker’s Sant’Agata factory. We spent a couple days in Italy checking out the latest entry, the 2025 Lamborghini Urus SE Plug-In Hybrid SUV.
Today’s cars are safer than ever, or so they should be considering all the active and passive safety equipment onboard. But that isn’t necessarily so and, surprisingly, some of the best-equipped products don’t fare all that well when you check federal data. Case in point? Tesla turns out to have the industry’s highest fatality rate, according to a new study.
South Korea’s Hyundai Motor recalled more than 145,000 electrified vehicles in the U.S. due to a loss of power. The move encompasses a variety of EVs for model years between 2022 and 20025. Find out more at Headlight.News.