Despite being hammered by auto import tariffs, Mitsubishi is betting big on the U.S. market, the company told dealers on Friday. It plans to launch a variety of new products to flesh out its currently meager product line-up. But there is one problem: a lack of U.S. production. More from Headlight.News.
Waymo says it knows the way to San Jose as it puts driverless taxis on the freeway in Silicon Valley. The initiative beat out arch-rival Tesla, which just promised to pay Elon Musk billions to expand its robotaxi business. Headlight.News has more.
As trade friction grows, General Motors wants its suppliers to stop sourcing parts and raw materials from China by 2027, according to a new report, though meeting that deadline could be challenging considering the way the global network has been set up over the last few decades. More from Headlight.News.
Bedazzled shareholders approved Tesla CEO Elon Musk’s proposed $1 trillion pay package. But to collect he faces major challenges. Musk has to turn around Tesla’s faltering automotive business at a time when EV sales are sagging, while also proving his vision of robotaxis, robots and AI can add new sources of revenue for the Texas-based company. More from Headlight.News.
Sales have never lived up to expectation for the Ford F-150 Lightning, one of the market’s first all-electric pickups. The automaker idled production last month due to a shortage of aluminum and officials there reportedly are considering whether to scrap the nameplate entirely. Headlight.News has more.
Rivian and Lucid are both electric vehicle manufacturers, but that’s where the comparisons end when looking at each company’s third-quarter earnings results. Rivian beat the street’s expectations as Lucid fell short. Headlight.News has details.
Shareholders could decide the future of Elon Musk and Tesla this week as they vote on the proposed $1 trillion pay package many big investors are finding hard to accept at a time when Musk’s judgement and entrepreneurial instinct is in question. More from Headlight.News.
October brought bad news for automakers, EV sales tumbling sharply following the phase-out of federal tax credits. With demand not expected to recover any time soon, Kia has decided to put the U.S. launch of its most affordable battery-electric vehicle, the EV4, on hold. More from Headlight.News.
Toyota committed to invest another $10 billion in the United States, as negotiations on a new U.S.-Japan trade deal moved forward — prompting Pres. Donald Trump to tell troops stationed in Japan, “Go out and buy a Toyota.” In an exclusive report, Headlight.News reports Toyota also is looking for ways to boost U.S. auto exports to Japan.
There were high hopes when Fiat Chrysler Automobiles and the PSA Group officially completed their merger on January 16, 2021. But things haven’t worked out quite as planned, the automaker now known as Stellantis struggling to reverse a sharp decline in sales and earnings. While the company insists it’s on the mend, some wonder if it would be better to consider this a failed experiment and break the company up. That notably includes former CEO Carlos Tavares. Headlight.News has more.
Ford set a new revenue record during the third quarter, and beat Wall Street predictions for their results. However, supplier issues forced the automaker to cut its full-year earnings guidance. Get details at Headlight.News.
Tesla revealed its third-quarter operating income dropped 40% compared to the year-ago period despite setting a new record for deliveries and revenue during the period. Officials cited a litany of reasons, but the biggest drivers appear to be tied to tariffs and sales mix. Check out the story at Headlight.News.