EV maker Fisker secured a deal with creditors to liquidate its assets while providing ongoing assistance to the owners of the vehicles it has already produced. Find out more at Headlight.News.
Business
J.D. Power Study Reveals Drivers Can be Overwhelmed by Technology
It’s often said you can never have too much of a good thing; however, J.D. Power’s 2024 U.S. Tech Experience Index Study reveals that’s just not true. Drivers want certain types of advanced tech and little more. Find out what they want and why at Headlight.News.
GM Recalling 1,200 Cruise Robotaxis to End U.S. Safety Probe
The National Highway Traffic Safety Administration agreed to end its probe of General Motors’ Cruise subsidiary’s robotaxis after it agreed to recall 1,200 of the vehicles. Go to Headlight.News for a closer look and details.
BYD, Stellantis Dismiss Rumored Chrysler Acquisition – But Chinese Maker May Still Seek Back Door to U.S. Market
It’s been the subject of speculation for weeks, “knowledgeable sources” chattering amongst themselves about the possibility China’s BYD is in talks with Stellantis as it looks for a way to crack into the U.S. market. The two makers have firmly dismissed the rumors. But there seems little doubt Chinese automakers want to target the world’s second-largest automotive market and are sniffing around the North American auto industry looking for a way to break in.
As Profits Sag and Inventories Bulge, Tavares Visits U.S.
With North American sales and earnings on the slide, Stellantis faces a number of challenges that have already led to some major changes in upper management and layoffs on the factory floor. And CEO Carlos Tavares is under mounting pressure to find a fix, reports Headlight.News.
Ford Revises EV Plans, Dumps 3-Row SUV, Delays Next-Gen Pickup
Ford officials revealed the company’s plan to adjust the production timing of its future electric vehicles as well as other future product changes. The moves are designed to improve the company’s profitability while ensuring it hits its long-term environmental goals. Find out more at Headlight.News.
Trump May End EV Tax Credits Even While Considering A White House Role for Tesla’ Musk
The $7,500 federal tax credit for buyers of battery-electric vehicles could be dropped if Donald Trump returns to the White House next January, the presidential candidate said in an interview. At the same time, Trump said he’s open to finding a role for Tesla CEO Elon Musk, possibly even making him a member of his cabinet.
UAW Chief Threatens Strike at Stellantis
UAW President Shawn Fain used a prime-time speech during the opening of the Democratic National Convention to warn of a possible strike against Stellantis. Speaking out against what he described as “corporate greed,” Fain accused the Euro-American automaker of reneging on investments promised as part of a settlement union and management reached during contract talks last autumn.
Acura’s HRC Prototype Takes the Integra Type S to New Levels
With the launch of the Type S, Acura gave a big boost in performance to the revived Integra sport sedan. But the automaker is now hinting that it could take things to a new level with the HRC Prototype it rolled out during Monterey Car Week. Here’s what we’ve learned about it.
GM Laying Off 1,000 Software, Service Staff
General Motors is cutting over 1,000 salaried software and service employees, despite the automaker’s increasing focus on opportunities to expand revenues through the use of connected and autonomous vehicle technologies. The company said the move will help it “prioritize investments.”
THE PAST LANE: CHRYSLER’S ATTEMPT TO REGAIN PRESTIGE
A once well-respected marque, the fate of Chrysler is increasingly in doubt. Last month, Carlos Tavares, the CEO of Stellantis — the Euro-American automaker formed from the merger of Fiat Chrysler Automobiles and Groupe PSA — warned that some of its 14 brands could be abandoned if they don’t start delivering better sales and earnings. Chrysler is widely believed to be one of the most vulnerable divisions. But that’s really nothing new.
Cadillac Opulent Velocity Concept Balances, Luxury, Performance and Technology
As it celebrates the 20th anniversary of its high-performance V-Series, Cadillac rolls out a new concept vehicle that aims to demonstrate where the brand can go in the future. Its name, Opulent Velocity, reveals the goal of balancing new levels of luxury and performance. Headlight.News takes a closer look.