The struggling Lucid Group revealed another series of setbacks once again announcing cuts to its full-year production plans. Revenues fell well short of expectations, as well, though it did beat earnings forecast. Headlight News has more.
*Daily News*
Subaru, Toyota, Acura, Lucid and More Set to Debut at the 2023 LA Auto Show
Auto show season is kicking into gear again and all eyes will turn to Los Angeles next week. Among the big debuts scheduled for the 2023 LA Auto Show next week, Lucid confirmed it will launch its first SUV, dubbed Gravity, while Subaru is teasing “an all-new, fully redesigned vehicle.” Toyota is revealing the Crown SUV and there’ll be debuts from Hyundai, Acura, Kia and more. Headlight.News offers a preview of all the debuts in store.
Rivian Bucks Trend with Production Increase
EV startup Rivian told investors Tuesday it plans to build more of its all-electric pickups and SUVs than previously forecast. The move is counter to production cuts by other nascent makers, like Lucid, as well as mainstream car companies, such as Ford and General Motors. Get details at Headlight.News.
Toyota Confirms Crown Crossover Will Debut at LA Auto Show
Toyota set out to redefine what a sedan is with the launch of the Crown model last year. Now, it wants to do it again with the Crown crossover that it’s confirmed will make its debut at the LA Auto Show on Nov. 14. Headlight.News has an advanced look.
That Vehicle You Want is Likely in Stock Again — Maybe With a Discount
The COVID pandemic and semiconductor shortage drained dealer inventories, leaving buyers scrambling to find the vehicle they wanted — even as dealers frequently tacked on thousands of dollars in markups. Now, however, inventories are rapidly getting back up to normal — though the UAW strike did cause production delays for a handful of domestic models. Better yet, you may find incentives on the model you’re looking to buy. Find out more at Headlight.News.
Full-Size Pickups Fail to Maximize Safety of Back Seat Passengers
Full-size pickups dominate new vehicle sales in the U.S., carrying the top three spots. One of the reasons they’re popular is because of their size and the perception of safety that comes with their enormity. However, a new safety test from the Insurance Institute of Highway Safety shows back seat passengers aren’t as safe as they could be in the massive trucks. Find out more at Headlight.News.
Ram Emphasizes Electric Power with Ramcharger Pickup
With all the buzz about the new midsize hybrid pickup coming, Stellantis latest EV almost got lost in the shuffle. The new Ram 1500 Ramcharger introduces Stellantis’ take on an electric full-size pickup — and its different. Check it out at Headlight.News.
UAW Reveals GM Building a Cheaper Chevy Bolt
As part of the new deal with the UAW, General Motors committed to $13.3 billion in new investment during the life of the contract. One of those is a cheaper Chevrolet Bolt EV, union chief Shawn Fain revealed. Find out more at Headlight.News.
Tesla Readying $25K (Almost) for Production
Tesla CEO Elon Musk has bandied about plans for a $25,000 electric vehicle for a few years now. However, that vehicle — dubbed the Model 2 by some — appeared to be pushed to the wayside as the EV maker focused on bringing the Cybertruck to the market. However, there are reports the “cheap” EV is front and center again. Get details at Headlight.News.
Ford, Stellantis Workers Begin Voting on New UAW Deal
Union workers at Ford began voting on the tentative deal reached with the automaker, while Stellantis hourly employees begin voting soon. If the first round of votes is any indication, the membership is pleased with the deal. Find out more at Headlight.News.
Searching for Fossil Fuels Two Scientists May Help Make the “Hydrogen Economy” A Reality Instead
Proponents claim hydrogen is even better than batteries as a way to the shift away from fossil fuels. The problem is how to produce “green” hydrogen that doesn’t create its own environmental issues. A pair of scientists may have found the answer — ironically, while they were searching for fossil fuels. Headlight.News has more.
Automakers See Models Sales Gains in October
Months of high interest rates and higher payments slowed consumer enthusiasm for new vehicles in October, but remained strong enough for automakers to post gains. Check out what companies enjoyed the month the most at Headlight.News.