Phoenix-based Nikola Motors has filed for Chapter 11, becoming the latest start-up to go bust while targeting the EV and hydrogen fuel-cell markets. Nikola officials said the company now plans to sell off its assets, though it isn’t clear a buyer has yet emerged.
Two weeks after halting talks that would have resulted in some form of partnership between Honda Motor and its faltering rival, Nissan Motor, Honda officials say they’re willing to resume discussions. There is one caveat: current Nissan CEO Makoto Uchida needs to step down. Get details at Headlight.News.
Nissan CEO Makoto Uchida announced a desperate new bid to reverse the company’s mounting losses after a planned merger with Honda collapsed. The second-largest Japanese automaker now plans to close three plants, reduce U.S. production and eliminate thousands of jobs. The announcement came as Uchida revealed still more losses for Nissan’s latest fiscal quarter.
The U.S. State Department on Wednesday appeared to back down on plans to purchase $400 million in armored Tesla Cybertrucks amids mounting questions about a conflict of interest considering the automaker’s CEO Elon Musk plays a major role in the new Trump administration. But it’s unclear from an updated procurement forecast whether authorities will switch to other vehicles or have simply obscured their purchase plans.
After surging in the wake of last November’s presidential election, Tesla stock has gone into freefall since Donald Trump’s inauguration last month. A variety of factors, including slumping global sales linked to CEO Elon Musk’s increasingly tarnished reputation. His new $100 billion bid for OpenAI may add to investors’ worries, reports Headlight.News.
Best known for producing iPhone, Taiwan-based Foxconn is making a play for Nissan Motor Co. now that its merger talks with Honda are dead. It’s not the first time the company’s attempted to gain a stake in the Japanese automaker. Find out more at Headlight.News.
Toyota Motor Corp. remains the world’s best-selling automaker, having edged out competitors including Volkswagen, Hyundai Motor Group and the Renault-Nissan-Mitsubishi Alliance. But the Japanese giant still recorded a 3.7% decline in sales during 2024. How did other competitors do? More from Headlight.News.
As of noon on Monday, the United States has a new president – and Donald Trump is expected to move quickly to implement an agenda calling for major changes in America’s domestic and foreign policies. The auto industry, in particular, could feel the impact of Trump’s agenda in a variety of ways: from foreign trade to EV and emissions policies. Here’s a closer look at what that might means.
The new year is likely to be a big year when it comes to the auto industry, especially with a new president coming into office who has signaled plans to scrap EV sales incentives and enact hefty new tariffs on imported auto parts and fully assembled vehicles. We’ve...
Oh, what a year it was. 2024 took saw a number of predictable stories top our coverage on Headlight.News, but the year also saw some surprising twists and turns — like the planned merger between Honda and Nissan – that no one likely would, or could, have predicted 12 months ago. There was some good news for consumers, and some bad. Some automakers made out like bandits, while others are now struggling with an uncertain future. Here are the 2024 stories that our editorial team found most compelling.
He may have had just one term in the White House but it came at a critical time for the nation, as a whole, and for the auto industry, in particular. Former President Jimmy Carter, who passed away over the weekend at the age of 100 oversaw changes to automotive safety and emissions regulations. He was also in the Oval Office at a time of a major oil embargo, an assault by automotive imports and a time of reckoning for Detroit’s automakers – including the near collapse of Chrysler Corp.
Honda and Nissan will merge under a new holding company, the automaker’s announced, confirming months of rumors, with the smaller of the Japanese automakers effectively taking control of the new alliance. Mitsubishi, which was rescued by Nissan in 2016, has yet to decide whether to become part of the alliance. And Renault, which bailed out Nissan in 1999, plans to determine what role it may have going forward.