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Deals and acquisitions

Musk Meltdown: Sex, Drugs and Mismanagement

Musk Meltdown: Sex, Drugs and Mismanagement

A series of new headlines reveal how Tesla CEO Elon Musk made extensive use of drugs while working as head of the Dept. Of Government Efficiency. But his use of ketamine and other controlled substances began long before Musk began working for Pres. Donald Trump. And it has contributed to what many observers have seen as erratic personal behavior and corporate mismanagement. Headlight.News has more.

VW Planning “Massive” U.S. Investment, Says CEO Blume

VW Planning “Massive” U.S. Investment, Says CEO Blume

Facing potentially massive new tariffs on imported autos and auto parts, some manufacturers have begun planning ways to shift production to the U.S. That includes Volkswagen whose CEO said “massive” new investments could be coming – though a new court ruling could short-circuit such plans. More from Headlight.News.

Antonio Filosa Named New Stellantis CEO

Antonio Filosa Named New Stellantis CEO

Stellantis has a new CEO. After a nearly 6-month search, Antonio Filosa steps into the vacancy created by the unexpected resignation of Carlos Tavares last December. The 51-year-old Filosa faces some serious challenges, including weak sales by key brands Ram and Jeep. He may also face the question of whether to abandon some of the 14 Stellantis brands, such as Chrysler and Fiat. More from Headlight.News.

Tariffs Backfire as Automakers Reduce North American Production

Tariffs Backfire as Automakers Reduce North American Production

Pres. Donald Trump’s 25% tariffs on imported autos and auto parts were intended to bring manufacturing and jobs back to the United States but, at least for now, the plan appears to be backfiring. Though a number of automakers are looking at ways to bring new vehicle production to the States, a new study shows that the industry will sharply reduce output in North America this quarter. And that, in turn, raises the prospect of U.S. auto jobs cuts. More from Headlight.News.

Antonio Filosa Named New Stellantis CEO

Stellantis’ U.S. Boss May Soon Be Running the Entire Company

Nearly a half year after the unexpected resignation of Carlos Tavares, the founding chief executive of Stellantis, the Euro-American automaker has yet to name a replacement. But the search may be coming to an end, according to a new report which says Antonio Filosa, currently the head of Americas operations for Stellantis, has become the leading candidate.

U.S. Lowers Tariffs on UK Autos, Steel After Reaching Trade Deal – But Agreement Doesn’t Bring Manufacturing to the States

U.S. Lowers Tariffs on UK Autos, Steel After Reaching Trade Deal – But Agreement Doesn’t Bring Manufacturing to the States

Negotiators for the U.S. and UK reached what the two sides hailed as a “historic” trade deal Thursday, leading Pres. Donald Trump to slash tariffs on British steel, autos and auto parts. Final details still have to be worked out, according to several reports, but the deal puts a 100,000-vehicle cap on British auto exports to the U.S. which falls below the numbers reported in 2024 by the UK’s largest brands, Jaguar, Land Rover and Mini. The deal does not appear to meet a key Trump goal of shifting foreign manufacturing to the U.S. More from Headlight.News.

Toyota Teaming Up With Waymo on Autonomous Vehicles

Toyota Teaming Up With Waymo on Autonomous Vehicles

Waymo and Toyota are teaming up. The Japanese giant will help develop a new autonomous vehicle platform for the Google spin-off which has become the U.S. leader in driverless ride-sharing technology. The announcement comes days after VW and Uber revealed their own autonomous alliance. More from Headlight.News.

Bezos-Backed Slate Set to Enter EV Market with $25,000 Pickup

Bezos-Backed Slate Set to Enter EV Market with $25,000 Pickup

Amazon founder Jeff Bezos is getting ready to punch his way into the auto industry, with what several sources tell Headlight.News will be a new all-electric pickup set to start as low as $25,000. Expected to be called Slate Auto, the start-up will use Amazon’s online power to market the new vehicle. More from Headlight.News.

Protests Rising, Tesla Q1 Sales Plunged to Lowest Level in Three Years

Protests Rising, Tesla Q1 Sales Plunged to Lowest Level in Three Years

Tesla sales for the first quarter of 2025 fell to their lowest level in three years, even as overall EV command continued to rise worldwide. The plunge reflected a growing backlash against Tesla CEO Elon Musk’s political shift to the far right and his role as head of the Trump administration’s controversial Department of Government Efficiency. Headlight.News has this breaking story.

Shake-up at Volvo: Rowan Out, Samuelsson Back in as CEO

Shake-up at Volvo: Rowan Out, Samuelsson Back in as CEO

In an unexpected move, Jim Rowan is stepping down at CEO of Swedish-based, Chinese-automaker Volvo Cars. He will be replaced by Hakan Samuelsson, who previous served in that role from 2012 to 2022. The move comes at a time when Volvo is aggressively moving to EVs but also faces a variety of tariff issues in the U.S. and Europe. More from Headlight.News.

Hyundai Set to Invest $21 Billion in U.S.

Hyundai Set to Invest $21 Billion in U.S.

Hyundai Motor Group plans to invest $21 billion for a variety of U.S.-based projects, including steel production and the expansion of its U.S. automotive production to 1.2 million vehicles annually. That more than doubles what the South Korean has invested since entering the U.S. market in 1986. More from Headlight.News.