Apparently the strike against General Motors by the UAW didn’t hit the company’s bottom line too badly. The Detroit-based automaker reinstated the full-year guidance it offer before the union’s walkout. Not only that, the company’s implementing a $10 billion accelerated share repurchase program. Get details at Headlight.News.
With EV sales growth slowing down, General Motors “is currently assessing” its massive investment in battery-electric vehicles. And, while it remains committed to CEO Mary Barra’s “path to an all-electric future,” it will shift more emphasis to the hybrids and plug-ins it was planning to abandon. And other automakers, including Ford and Stellantis, are likewise shifting direction. If anything, this validates Toyota’s strategy calling for a mix of EVs, hybrids and PHEVs, reports Headlight.News.
General Motors continues looking at its business with a critical eye, planning to cut back its spending on its robocab subsidiary Cruise. The company recently revealed plans to slow its cadence on electric vehicle introductions. The new cuts come after a Cruise robocab was involved in a collision with a pedestrian. Get details at Headlight.News.
Rivian’s making it easier get into one of their EVs, kicking off its leasing program. The lease option for the R1T Adventure Package is priced at $6,794 at signing, plus $899 a month for 36 months with 30,000 total miles allowed. Read the story at Headlight.News.
The iconic Volkswagen brand is facing major problems that make it “no longer competitive,” the automaker told its staff on Monday, and that has triggered a 10 billion euro, or $10.9 billion, cost saving program that will include job cuts. More from Headlight.News.
Can Toyota continue to dominate the midsize pickup market? That was the key question in mind as I set out for a first drive of the 2024 Toyota Tacoma. The midsize truck certainly looks good on paper, with eight trim package, four powertrains – including a first-ever hybrid – and a seemingly endless list of body, bed and technology options. How did it stand up, both on-road and off? Check out this review on Headlight.News.
Automotive expert Tim Jackson uses his three decades of industry experience to shed some light on the potential of flying cars, more specifically, Vertical Takeoff and Landing vehicles, or VTOLs. Check out what he believes is the future of transportation at Headlight.News.
Volkswagen dug deep into the past to create a new all-electric vehicle brand, Scout, a couple of years ago. However, the progress has been slow — until now. When it’s become clear what company will help VW develop the new brand: Magna Steyr. Get details at Headlight.News.
Cruise will slash the number of cities where it’s testing its autonomous vehicle technology in the wake of a serious crash last month. And it is delaying the launch of the driverless robocab it hoped to put on the road next year, the General Motors subsidiary announced. Headlight.News has the latest.
Porsche just lifted the covers on its third-generation Panamera. And while it doesn’t break major ground from a design direction, there’s plenty to take note of. The 2024 Porsche Panamera delivers more power, upgraded infotainment technology, improved safety gear, and enhanced ride and handling. Headlight.News checks out the latest edition of the distinctive German luxury sedan.
A judge in Florida cited “reasonable evidence” that Tesla and its CEO Elon Musk knew the automaker’s Autopilot system had a potentially fatal defect, a finding that could create serious problems for Tesla as it faces the third trial this year over the semi-autonomous driving system.
Death and taxes aren’t the only things we can expect in life, at least not if you own a car. Yet, this year the oil industry is breaking its own cardinal rule and lowering gas prices just in time for a Thanksgiving holiday expected to bring record traffic. As Headlight.News reports, one chain will offer fuel for as low as $1.99 a gallon.