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Tesla Calls “Absolutely False” Reports Board Looking to Replace Musk

Tesla Calls “Absolutely False” Reports Board Looking to Replace Musk

Tesla denied reports the company’s board has begun searching for a replacement for CEO Elon Musk. The South African-born entrepreneur has come under increasing fire due to his ties to the Trump administration, leading to a sharp slump in Tesla sales and earnings and calls by some leading investors to find a new chief executive. Headlight.News has the latest.

Stellantis Suffers Another Revenue Slide – Joins Automakers Suspending Forecasts Due to Trump Tariffs

Stellantis Suffers Another Revenue Slide – Joins Automakers Suspending Forecasts Due to Trump Tariffs

Stellantis reported Wednesday a 14% slide in revenues for the first quarter. The Euro-American automaker had previously forecast a turnaround later in the year but said during a webcast it was suspending future guidance in the face of Pres. Trump’s new auto tariffs. It joins GM and Mercedes in warning that sales and earnings could be at risk. More from Headlight.News.

GM Recalls Over 700k Pickups, SUVs to Repair Failing Engines

GM Recalls Over 700k Pickups, SUVs to Repair Failing Engines

General Motors dealers are gearing up to handle a massive new recall that will require them to repair or replace more than 700,000 V-8 engines in the automaker’s biggest pickups and SUVs, including the Cadillac Escalade and Chevrolet Silverado. More from Headlight.News.

Trump Says Tariffs Will Bring More Auto Jobs – While Offering Automakers Tariff Relief

Trump Says Tariffs Will Bring More Auto Jobs – While Offering Automakers Tariff Relief

Protestors and proponents alike turned out during a visit by President Donald Trump to suburban Detroit. The president promised tariffs will lead to more good-paying jobs in the United States and an economic boom in the future. But he also announced steps providing tariff relief as automakers prepare for the possibility of a sharp slump in sales and earnings — as well as job cuts — in the months ahead.

Tesla Trade-in Prices Post Industry’s Largest Decline

Tesla Trade-in Prices Post Industry’s Largest Decline

Looking for a good deal on a used vehicle? The price for a previously owned Tesla Model S posted the industry’s biggest year-over-year decline, according to dealer sales records. Tesla products, on the whole, have plunged in value as backlash grows to CEO Elon Musk’s role in the Trump administration. Headlight.News has more.

GM Q1 Earnings Fall, Company Delays Comments Due to Trump’s Tariff Changes

GM Q1 Earnings Fall, Company Delays Comments Due to Trump’s Tariff Changes

General Motors saw its first quarter revenue rise 2.3%, but its adjusted earnings and net income declined. The company’s top leaders delayed a call with investors, analysts and the media about the quarter due to President Donald Trump’s decision to ease tariffs. Officials will talk Thursday morning about the results and the potential impact of the president’s move. Get details at Headlight.News.

Headlight News Podcast for the Week of April 28, 2025

Headlight News Podcast for the Week of April 28, 2025

On this week’s podcast, Headlight News covers the debut of Amazon founder Jeff Bezos’ new EV company, Slate, and its first product and electric pickup. We also review the 2025 Cadillac Optiq and look at the other stories coming in the week ahead.

Trump Administration Eases Rules for Autonomous Vehicle Development Standards

Trump Administration Eases Rules for Autonomous Vehicle Development Standards

Under the guise of unleashing “American ingenuity,” the Trump administration eased some of the rules regarding the development and testing autonomous vehicles. Among the changes, automakers will not be required to report certain types of crashes involving their self-driving cars. Find out more at Headlight.News.