Analysts predict new vehicle sales will drop at least 12% on a year-over-year basis. However, it’s not all bad. If you compare apples to apples, the number is a lot more digestible: less than 2%. Find out more at Headlight.News.
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Back in the News: Court Orders Carlos Ghosn to Return Super-Yacht and $32 Million to Nissan
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.
New Vehicle Sales Expected to Drop for Q3
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 Set to Launch Layoffs Next Month — Even as it Faces Strike Threat
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.
Automotive Brands Expanding Owner Loyalty Numbers in 2024
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.
Stellantis CEO Tavares May Be on His Way Out
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 Offers Early Look at 2025 Heavy Duty Lineup
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.
Congress Moves Closer to Passing AM Radio for Every Vehicle Act
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.
Biden Administration Pushes Forward with Chinese Connected Car Ban
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.
Legendary Auto Journalist David C. Smith — Mr. Automotive — Dead at 93
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 Cuts Gladiator Pricing Amid Ongoing Sales Slump
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.
Ineos Halting Production of Grenadier Off-Roader
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.