Bedazzled shareholders approved Tesla CEO Elon Musk’s proposed $1 trillion pay package. But to collect he faces major challenges. Musk has to turn around Tesla’s faltering automotive business at a time when EV sales are sagging, while also proving his vision of robotaxis, robots and AI can add new sources of revenue for the Texas-based company. More from Headlight.News.
Sales have never lived up to expectation for the Ford F-150 Lightning, one of the market’s first all-electric pickups. The automaker idled production last month due to a shortage of aluminum and officials there reportedly are considering whether to scrap the nameplate entirely. Headlight.News has more.
Rivian and Lucid are both electric vehicle manufacturers, but that’s where the comparisons end when looking at each company’s third-quarter earnings results. Rivian beat the street’s expectations as Lucid fell short. Headlight.News has details.
Stellantis has become the latest automaker to warn owners to park their vehicles becuase defective batteries could cause them to catch fire. The recall covers 375,000 Jeep Wrangler and Grand Cherokee 4xe plug-in hybrids. More from Headlight.News.
Shareholders could decide the future of Elon Musk and Tesla this week as they vote on the proposed $1 trillion pay package many big investors are finding hard to accept at a time when Musk’s judgement and entrepreneurial instinct is in question. More from Headlight.News.
Who says the American love affair with the automobile has ended? You’d never know that if you were in Las Vegas this week for the annual SEMA Show. Short for the Specialty Equipment Market Association its routinely ranked as one of the two biggest events in Sin City, bringing out tens of thousands of people to check out the latest in automotive parts and accessories, from dangly air fresheners to high-performance “crate engines.” More than 1,000 exhibitors will be on hand, including automakers like Ford, Chevrolet, Hyundai and Toyota and Headlight.News has this preview.
October brought bad news for automakers, EV sales tumbling sharply following the phase-out of federal tax credits. With demand not expected to recover any time soon, Kia has decided to put the U.S. launch of its most affordable battery-electric vehicle, the EV4, on hold. More from Headlight.News.
In this week’s Headlight News podcast, we cover the impressive Tokyo Motor Show, new introductions from Honda and Subaru, as well as GM’s layoff of hundreds of workers. We also review the Kia Sorento plug-in hybrid and look back at this week in automotive history. You can find the podcast at Headlight.News and Spotify.
Automakers suffered saw a sharp drop in electric vehicle sales during October as federal EV tax credit ended. But even sales of gas models leveled off as prices, driven higher by Trump’s auto tariffs, drove many mainstream buyers out of the market. As Headlight.News reports, the industry has become more dependent than ever on affluent households for new sales.
This year’s Japan Mobility Show proves there’s still plenty of life left on the auto show circuit. The biennial event brought out dozens of new cars, concepts – and even a rocket – during its media preview. Headlight.News was in Tokyo and takes a look at some of the most significant products to debut there.
Mazda’s Vision X-Coupe Concept is much more than just the latest example of the automaker’s Kodo design language. It shows how the brand’s iconic Wankel engine may soon return as a key part of Mazda’s product line-up. It also demonstrates a new technology that, the automaker’s CEO claimed during a Japan Mobility Show news conference, could leave the air cleaner, “the more you drive.”
The impact of end of federal EV tax credits is being felt in many areas of the auto industry. It reached the factory floors at four General Motors-owned plants in three states as more than 3,400 workers were laid off due to the expected fall in EV sales tied to the end of the $7,500 credit Sept. 30. Find out more at Headlight.News.