Ford is rethinking its commitment to battery-electric vehicles, at least in the near term, company officials revealed during an earnings call. It might seem a logical move considering the automaker lost about $37,000 on every EV it sold during the third quarter. But Ford is by no means the only automaker rethinking its commitment as growth in the electric vehicle market slows. Read the story at Headlight.News.
Ford turned around its Q3 earnings this year, finishing in the black compared to year-ago results; however, the newly minted tentative agreement with the UAW is tempering the any enthusiasm about the results. Headlight.News has details.
If you have “Tesla becomes an EV charging company” on your list of things to happen in 2023, cross it off: BP just placed an order for $100 million worth of “ultra-fast” chargers with Tesla. The chargers will hit the U.S. next year, reports Headlight.News.
Less than a day after reaching a deal with the UAW on a new 4.5-year contract, Ford reported a $1.2 billion net profit on revenue of $43.8 billion. The results are significantly better than the year ago period, when the automaker reported a loss. Find out more at Headlight.News.
Like its parent, Toyota, luxury brand Lexus has been slow to embrace EV technology. But that may be set to change, at least based on the LF-ZC and LF-ZL EV concepts unveiled at the Japan Mobility Show. The Lexus LF-ZC could be in production by 2026, with the LF-ZL hinting at an all-electric flagship that may follow. Both introduce next-gen battery technology capable of delivering over 600 miles range.
Ending a nearly six-week walkout, Ford reached a tentative settlement with the United Auto Workers union providing it a 25% raise — its best deal in more than two decades. Now, the UAW has to wrap up talks with General Motors and Stellantis, but there are potential sticking points that could drag things out, reports Headlight.News.
Sports cars seem to be getting a lot of play at the Japan Mobility Show this year with several other automakers offering up sporty concepts. Mazda certainly got the memo, showing off the Mazda Iconic SP, which is clearly inspired by the company’s past and present. Get details at Headlight.News.
A Subaru sports car concept isn’t as far-fetched as you might think. Just check out the Subaru Sport Mobility Concept at Headlight.News.
The United Auto Workers Union reached a tentative settlement with Ford Motor Co. Wednesday evening, nudging the automaker to accept a wage hike averaging 25% over the course of 4.5 years for its UAW workers. The union also agreed to order an immediate end to the walkout though it will take weeks before all is back to normal, Headlight.News reports.
After more than a month of negotations, strikes, finger pointing, grandstanding and more, the UAW and Ford reached a tentative agreement.
It’s been more than two decades since we last saw a new Honda Prelude roll into dealer showrooms. But while the automaker is officially calling the coupe debuting at the Japan Mobility Show a “concept,” there’s good reason to believe it’s a thinly disguised prototype, with a production Honda Prelude to follow in electrified form.
Just about 18 months after announcing a $5 billion partnership to develop affordable electric vehicles, General Motors and Honda ended the deal. Find out what changed to cause the split at Headlight.News.