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Western Automakers Losing Ground in China; GM Takes $5 Billion Charge, May Close Plants

Western Automakers Losing Ground in China; GM Takes $5 Billion Charge, May Close Plants

by | Dec 4, 2024 | , , , , , , , , , , , , , , , ,

Not all that long ago, foreign manufacturers like General Motors, Ford and Volkswagen dominated the Chinese automotive market where, in some cases, they were making their biggest profits. Now, as domestic competitors like Geely and BYD gain traction, times have changed. On Wednesday, General Motors revealed plans to take more than $5 billion in charges to restructure its Chinese operations and is likely to close some of its plants there. But it’s far from the only international manufacturer struggling in the world’s largest automotive market.

Dodge Muscling Up to “Save the Planet”

Dodge Muscling Up to “Save the Planet”

by | Dec 4, 2024 | , , , , , , , , ,

The steady shift toward electric vehicles may not hit home harder than with Dodge, America’s best-known muscle car brand. Now, the brand changes gears officially, kicking off the marketing campaign officials hope will make old-school fans of the gas-guzzling, rubber-burning muscle car that electric muscle cars are a thing. Check out the push for the new Dodge Charger Daytona at Headlight.News.

Mazda CEO Reveals More on Rotary Engine Revival and Plans for the U.S.

Mazda CEO Reveals More on Rotary Engine Revival and Plans for the U.S.

by | Dec 4, 2024 | , , , , , , , , , ,

Almost a month after confirming plans to launch a rotary-powered sports car based on its Iconic SP sports car, Mazda CEO Masahiro Moro has offered more insight into what it expects to bring to market – and it means the eventual vehicle might be both smaller and more powerful than originally expected, especially for the U.S. market.

New Vehicle Sales Come on Strong in November – With Several Brands Setting New Records

New Vehicle Sales Come on Strong in November – With Several Brands Setting New Records

by | Dec 3, 2024 | , , , , , , , , , , , , , ,

November ended on a high note, at least from an automotive perspective, with sales of new vehicles delivering solid year-over-year gains for those brands that have so far reported their numbers for the month. And several Japanese and Korean brands ended November with new sales records.

Volkswagen Workers Strike as Automaker Prepares to Close as Many as 3 German Factories

Volkswagen Workers Strike as Automaker Prepares to Close as Many as 3 German Factories

by | Dec 3, 2024 | , , , , , , , ,

Workers at Volkswagen’s German operations walked off the job Monday. The 120,000 members of trade union IG Metall took to the streets to protest the automaker’s plans to pair back its home market operations, a move that could see it shutter as many as three assembly lines.

Jaguar’s New Concept Sticks to Founders Vision While Dumping Heritage

Jaguar’s New Concept Sticks to Founders Vision While Dumping Heritage

by | Dec 3, 2024 | , , , , , , , , , ,

Despite the pictures of Jaguar’s Type 00 concept leaking before the debut, the all-electric vision provided the iconic British brand with a chance to make a statement. And while Jaguar officials seem confident about this new direction, it’s clear it will take others longer to share that confidence. Get details at Headlight.News.

Judge Again Rejects Musk’s $56 Billion Pay Package

Judge Again Rejects Musk’s $56 Billion Pay Package

by | Dec 3, 2024 | , , , , , , , ,

A Delaware judge has again rejected the $56 billion payout for Tesla CEO Elon Musk, even after shareholders voted to reinstate the package earlier this year. But even if the ruling is upheld, the South African-born entrepreneur and confident to President-elect Donald Trump is expected to remain the world’s richest man.