If your auto insurance has spiked recently, you might blame the company that made your vehicle. Cars, trucks and utility vehicles now collect all types of data about your vehicle. That information is often collected by automakers, then sold to insurance companies that use it to set the rates for your premium. Find out more at Headlight.News.
Danish automotive designer and entrepreneur Henrik Fisker may be heading for a second bankruptcy. Shares of Fisker went into freefall Thursday after the Wall Street Journal reported the executive’s latest car company is seeking the help of restructuring experts in preparation for a possible bankruptcy. Earlier this month, Fisker advised analysts and investors the startup is facing going-concern risks due to slow sales and weak revenues. It is unclear whether a potential tie-up with Nissan will be enough to overcome a fast-worsening cash crunch.
As EV sales growth slows, automakers are rethinking prior plans, in some cases delaying, even canceling battery-electric vehicle projects. That includes Hyundai Motor Group, the Korean automaker previously announcing one of the industry’s more aggressive EV launch programs. But, in an exclusive report Headlight.News reveals Hyundai is not only studying whether to slow the rollout of new EVs, but also whether to make major changes to the $5.54 billion EV plant in Georgia currently set to start production in October. That would allow the facility to meet production targets by assembling more than just EVs, Hyundai officials revealed.
A brand in transition, Buick’s shift to a lineup of only crossovers and sport-utility vehicles gets a new entry, the Envista. With a new design language and intriguing drivetrain, does Buick have a winner? Go to Headlight.News to find out.
The average transaction price for new vehicles dropped again in February, falling a little less than 1% compared to January prices. Rising inventories and increased incentives keep pushing the prices paid for new vehicles down. Get the details at Headlight.News.
When the new Lincoln Nautilus goes on sale this spring it will mark a significant development for parent Ford Motor Co., the first time it imports a vehicle to the U.S. from China. The move will help keep the U.S. automaker’s factories there running as demand for its products has tumbled sharply in the Asian nation. But Ford is not alone. Detroit automakers – along with other foreign brands – have seen their Chinese sales – and earnings – plunge as consumers by the millions shift to domestic competitors. Could the Chinese now turn the tables on the U.S. at home? Find out at Headlight.News.
The Insurance Institute of Highway Safety unveiled its new rating program for the semi-autonomous driving technologies and only one out of 14 systems tested achieved an “acceptable” rating from the safety group. Find out more at Headlight.News.
German sports car maker Porsche’s tease of “the most dynamic Taycan of all time” paid off March 11 with the debut of the Taycan Turbo GT and the track-ready Taycan Turbo GT with Weissach package. Find out more at Headlight.News.
When Apple disbanded Project Titan last month, it marked the end of the tech giant’s long-standing goal of getting into the automotive business. But just how far back did that dream begin — and how much did Apple invest? Apparently, much further back than was previously known. And it spent far more than previously reported on its failed attempt to launch a line of self-driving EVs. Find out more at Headlight.News.
The Headlight News podcast for the Week of 3-11-24: Rivian Reveals 3 EVs – Dodge Charger EV Debuts – Tesla Stock Crashes – Ford Maverick Hybrid – Review of Honda Prologue and the Week in Automotive History.
The National Highway Traffic Safety Administration started a probe into more than 250,000 Honda Insights and Passports due to dozens of complaints about the automatic emergency braking system activating for no apparent reason. Get details at Headlight.News.
After nearly 10 weeks, Chevrolet has lifted a stop-sale order barring dealers from selling or delivering the new Chevrolet Blazer EV. The move was ordered in response to reports of serious glitches with the all-electric SUV’s software. Hoping to win back buyers, also announced price cuts running as much as $6,500, depending on the Blazer EV trim package. For more details, go to Headlight.News.