Tesla face new challenges from unions and environmentalists as the company’s sales and reputation begin to slip in Europe amid the expanding conflicts in Scandinavia and Germany.
Business
Stellantis Misses Mark with Q1 Earnings Results
Stellantis fell short of analysts’ expectations, posting a 12% decline in first quarter revenue largely due to sluggish sales in Europe. However, the company expects a big rebound in the second half of the year. Find out more at Headlight.News.
The United Auto Workers Reaches Settlement With Daimler, Tenative Contract Would Bring Profit Sharing and Cost of Living Protections
The United Auto Workers reaches settlement on tentative contract with profit sharing and cost-of-living protection for hundreds of Daimler workers in the South as critical vote on UAW representation at a big Mercedes-Benz factory in Alabama approaches.
Toyota Highlander Set to Go All-Electric as Toyota Ramps Up EV Plans
Though it’s long emphasized hybrids, Toyota has plenty of battery-electric vehicles coming before the end of the decade and one of the most significant moves will see the automaker’s popular Highlander model go all-electric when the next-generation SUV comes out around 2027, Headlight.News reports.
Automakers Looking at Mixed April Sales Results
It appears there will not be showers of new vehicles buyers in April after seeing good numbers through the first three months of the year. However, analysts suggest the market is still healthy. Find out more at Headlight.News.
Looking to Buy a New EV for Cheap? Start with the Nissan Leaf
On average, the price of a new electric vehicle has dropped throughout the year. So if you’re looking for a good deal on a new EV, you’ll want to start with the Nissan Leaf. To see what else is affordable, or less expensive anyway, head over to Headlight.News.
Could the Next Ram TRX go All-Electric?
The Ram brand launched the latest version of the full-size 1500 pickup today, the Ram 1500 RHO delivering a mix of dragstrip performance and extreme off-road capabilities. But it’s not a replacement for the even more formidable Ram TRX, officials stressed. We’ll have to wait a few years for that ultimate version of the Ram 1500. But when it does arrive it could deliver an electrifying surprise, reports Headlight.News.
Ford Tops Wall Street’s Q1 Earnings Estimates
Ford offered up good news with its first quarter earnings report, beating analysts’ estimates, although falling short of last year’s net income and margin numbers for the same period. Find out more about the company’s results at Headlight.News.
Tesla Falls Short in First Quarter, Sees Profit Drop 55%
For the first quarter of this year, Tesla delivered fewer vehicles and made less money than it did at this time last year. The company’s net income fell 55% and revenue slid 9% despite EV sales being up for other automakers during the period. Get details at Headlight.News.
Tesla Shares Slide After Most Recent Price Cuts
EV leader Tesla saw its share price fall more than 3% Monday after it cut prices on many of its vehicles by as much as $2,000 over the weekend. It’s the second time the company’s slashed prices in the past two weeks, highlighting the company’s efforts to revive sales and improve profits. Find out more at Headlight.News.
Top Vehicle on Instagram Isn’t Sold in the U.S. Anymore
Posters used to tell you all you needed to know about what was popular. For a long time, the most desirable or popular cars in the world could all be found on one well-known wall hanging, “Justification for Higher Education.” Now you only need to go to Instagram to find out what’s hot. Get details at Headlight.News.
Tesla’s Musk Wants His $56B Back, GM Relocating HQ and More in This Week’s Headlight News Podcast
Headlight News for the Week of 4-22-24 – Musk Wants His $56 Billion Back – Big Recalls – Cheaper Cars – GM Moves – A Review of the Maverick Tremor – The Week Ahead – And This Week in Automotive History