Stellantis CEO Carlos Tavares is burnishing reputation as a cost-cutter with another round of buyout offers for salaried executives. He’s also warning there could be a round of layoffs if the buyouts don’t achieve the reduction goals. Find out more at Headlight.News.
Changing market trends are forcing automakers to navigate rough waters as they adjust to the changing climate in EV adoption and lingering effects of the COVID-19 pandemic. However, it can be easy to forget that automotive suppliers have also been feeling the heat with some of them being forced to file for bankruptcy. Recaro Automotive and BBS are the two latest suppliers to be forced to enter these proceedings for varying reasons.
EV maker Tesla Inc. announced plans to recall 1.85 million vehicles due to a problem with hood latch. The issue is software related so it will be resolved with an over-the-air update. To get more details, go to Headlight.News.
It’s already one of the most powerful products in Cadillac history – but the luxury brand plans to take performance to the track-ready level with the debut of the new Cadillac CT5-V Blackwing Precision Package. Here’s a closer look.
As it looks to potentially consolidate a list of 14 automotive brands, Stellantis could sell off its most exclusive, Maserati, due to weak sales, a senior official warned. That’s on top of several other brands which, Headlight.News reported last week, may be shuttered entirely.
Shifting market trends might be forcing Alfa Romeo to bring an EV version of its Junior EV SUV to the U.S. with the company allegedly reaching out to dealerships to see if there’s any interest in a potential EV model.
Every summer I look forward to two weeks with one car: the Polaris Slingshot. This three-wheel sports beast looks like few things on the road today. It not only continues to attract favorable attention, the company continues to make it better each year. Find out what we thought after two weeks with the Slingshot at Headlight.News.
Times are tough in the automotive industry with more automakers entering into alliances to pool resources and development money especially in the development of electric vehicles. The latest report suggests that a new alliance between Honda, Nissan, and Mitsubishi might be formed.
While Fisker Inc. may be heading to the junkyard in the sky, there’s new life to founder Henrik Fisker’s earlier automotive start-up. Now owned by the Chinese and renamed Karma Automotive, it will show there can be life after death by unveiling two new models at the Pebble Beach Concours d’Elegance next month. And they are meant to channel the ghosts of several other one-time automotive greats, including luxury brands Pierce-Arrow and Duesenberg.
Could Stellantis abandon one or more of its 14 automotive brands? In light of the automaker’s weak second-quarter earnings, that is a distinct possibility, warned CEO Carlos Tavares. But which of those marques are the most endangered? Headlight.News takes a closer look and a few seem ripe for the chopping block.
If anyone thought Tesla’s mobile vehicle service fleet was a great idea, don’t worry, you’re not alone. In fact, some of the team who helped develop it decided it was good enough to tweak it and pitch it to auto dealers. And many also agreed and now San Francisco-based Curbee is in business. Find out more at Headlight.News.
Same as it ever was, just better