Business Archives - Page 6 of 167

Sales Plunging, Protests Rising, Can Musk, Tesla Turn Things Around

by Paul Eisenstein | Apr 3, 2025 | *Daily News*, Business, Earnings and Financials, EVs and batteries, Executives, General Motors, Government, Green Power, Hyundai, Personalities, Tesla, Volkswagen

Tesla shareholders breathed a sigh of relief on Wednesday morning, word leaking out of the White House suggesting CEO Elon Musk will soon give up his controversial role as the head of the Trump administration’s Dept. of Government Efficiency. Then, Tesla released its first-quarter sales numbers, global deliveries falling three times further than what Wall Street anticipated. Its stock rebound in reverse, a growing number of investors and analysts now wonder whether Tesla and its CEO can recover from the hit they’ve taken.

Protests Rising, Tesla Q1 Sales Plunged to Lowest Level in Three Years

by Paul Eisenstein | Apr 2, 2025 | *Daily News*, Business, Deals and acquisitions, Earnings and Financials, EVs and batteries, Executives, Green Power, Personalities, Sales, Tesla

Tesla sales for the first quarter of 2025 fell to their lowest level in three years, even as overall EV command continued to rise worldwide. The plunge reflected a growing backlash against Tesla CEO Elon Musk’s political shift to the far right and his role as head of the Trump administration’s controversial Department of Government Efficiency. Headlight.News has this breaking story.

Stellantis Turnaround Sputters

by Joseph Szczesny | Apr 2, 2025 | *Daily News*, Business, Dodge, Earnings and Financials, Executives, Fiat, Jeep, Ram, Sales, Stellantis

The promised turnaround at Stellantis all but sputtered out during the first quarter as sales in the U.S. dropped by double digits. With the search for a new CEO still ongoing, the Euro-American automaker struggles to find its direction, reports Headlight.News.

Trump Tariffs Could Force Chevy, Honda, Kia, Mazda, even Mercedes to Pull Entry Products from U.S. Market

by Paul Eisenstein | Apr 2, 2025 | *Daily News*, Buick, Business, Chevrolet, Consumer Guides, Earnings and Financials, Ford, General Motors, Government, Honda, Kia, Mazda, Mercedes, Nissan, Regulatory, Sales, Toyota, trade, Volkswagen

April 2, says Pres. Donald Trump, is “Liberation Day,” claiming his new tariffs will free the U.S. from its reliance on foreign-made goods. But U.S. car buyers may see things in a very different light. Virtually all vehicles, even those assembled in the States, will see price hikes. And a number of automakers, from mainstream brands like Chevrolet, to high-line marques such as Mercedes-Benz, are weighing the prospects of pulling entry models off of the American market. More from Headlight.News.

IRS Offering Second Chance After Rejecting Tax Returns of EV Buyers

by Michael Strong | Apr 2, 2025 | *Daily News*, Automakers, Business, EVs and batteries, Government, Green Power, Hybrids, Regulatory, Sales, Technology

The Biden administration’s effort to make new electric vehicles more appealing to the American public with $7,500 tax credits is becoming a big hassle for some buyers. The Internal Revenue Service has been rejecting the tax returns of some EV owners claiming the credit. However, they are also looking to help. Find out more at Headlight.News.

Rivian’s Q1 Sales: Half Empty or Half Full?

by Paul Eisenstein | Apr 2, 2025 | *Daily News*, Business, Earnings and Financials, EVs and batteries, Government, Green Power, Regulatory, Rivian, Sales, Tesla

Good news or bad? It all depends on how you choose to look at Rivian’s first-quarter sales and production results. Headlight.News explains.

U.S. Car Sales Soar in March as Buyers Raced to Beat Trump Tariffs

by Joseph Szczesny | Apr 1, 2025 | *Daily News*, Acura, Automakers, Buick, Business, Cadillac, Chevrolet, Earnings and Financials, EVs and batteries, Ford, General Motors, Government, Green Power, Honda, Hybrids, Hyundai, Infiniti, Kia, Lexus, Nissan, Sales, Toyota

Sales of new vehicles in the U.S. climbed sharply during March as buyers rushed to get in their orders before the tariffs clamp down on the automotive trade. The threat of a recession is also expected to weigh on an industry sensitive to economic trends going into April.

Q&A: Ineos CEO Lynn Calder Sees Big Opportunities – But Tariffs Could Get in the Way

by Paul Eisenstein | Apr 1, 2025 | *Daily News*, Business, Car Culture, Earnings and Financials, Environment, EVs and batteries, Executives, Green Power, Hybrids, Ineos, off-road, Personalities, Regulatory

Odds are you’ve never heard of Ineos Automotive – at least not until recently. It’s a start-up brand backed, of all things, by one of the world’s largest chemical companies. The British carmaker last year brought its first model, the rugged Grenadier SUV, to the U.S. market and is in the midst of launching its second product line, the Quartermaster pickup. Headlight.News caught up with Ineos CEO Lynn Calder during a recent driving event in Aspen and asked her about Ineos’ product plans, growth opportunities – and the impact of the new Trump auto import tariffs.

Waiting for Tariff-Induced Price Increases to Hit Means Good Deals Available Now

by Michael Strong | Apr 1, 2025 | *Daily News*, Automakers, Business, Consumer Guides, Ford, Nissan, Sales, Studies and research

If you’re in the market for a new vehicle before the anticipated price increases due to tariffs hit window stickers, there are some good values to be had. According to Cars.com, Nissan and Ford are leading the pack when it comes to good deals. Check out the details at Headlight.News.

Caught Speeding in Virginia? You Might Need to Install a Speed Limiter

by Paul Eisenstein | Apr 1, 2025 | *Daily News*, Business, Car Culture, Consumer Guides, Government, Regulatory, Safety, Technology

If you get caught speeding in Virginia you could find it difficult to break the speed limit again. The state is set to become the first to allow its judges to order speeders to install a device limiting how fast they can drive in the future. The new rules go beyond the speed warning devices European lawmakers have enacted, reports Headlight.News.

Headlight News Podcast for the Week of 3-31-25

by Michael Strong | Mar 31, 2025 | *Daily News*, Automakers, Business, Car Culture, EVs and batteries, Green Power, Podcast, Sales, Technology

In this week’s podcast we cover Trump and his tariffs on automakers as well as his warning to automakers about raising prices to cover the costs, as well as a vehicle review and more.

Sales Already in a Tailspin, Protestors Gather at Tesla Dealerships Around the World

by Paul Eisenstein | Mar 31, 2025 | *Daily News*, Autonomous Vehicles, Business, BYD, Earnings and Financials, EVs and batteries, Executives, Ford, General Motors, Government, Green Power, Hyundai, Lucid, Personalities, Rivian, Sales, Tesla, Toyota, trade

With thousands gathered in protest at dealers around the world over the weekend, Tesla wrapped up what is expected to be a weak first quarter, the automaker watching sales dwindle as opposition grows to CEO Elon Musk’s role in the Trump administration – as well as his increasingly vocal shift to the political far right. Headlight.News has the latest.

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