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.
General Motors looked to be the leader in the electric vehicle market by investing heavily in the segment, and that push crimped its Q3 earnings numbers as it took a $1.6 billion charge to offset investments in its EV operations during the period. However, the company still reported a profit, and investors are happy. Get details at Headlight.News.
Stellantis has temporarily halted production at a Jeep plant in Warren, Michigan, even as three Ford plants sit idle. All face a shortage of aluminum due to a fire at a supplier plant. Meanwhile, automakers are beginning to fret there could be more closures coming across the industry due to semiconductor shortages – repeating a crisis that cast the industry millions of vehicles in lost production during the COVID crisis. Headlight.News has more.
The Trump administration’s trade war is proving costly for the auto industry which will wind up paying about $10.6 billion in tariffs – just on autos and auto parts imported from Canada and Mexico – through the end of October, and while they’ve largely absorbed most of those costs, so far, consumers can expect to start seeing more of those tariffs passed on in new vehicle prices in 2026 and beyond, reports Headlight.News.
The current versions of the Cadillac CT4 and CT5 models – including high-performance Blackwing packages – will be dropped at the end of the 2026 model year – though a replacement for the bigger sedan is set to follow in 2027.
Toyota will show off a new super-premium luxury car concept during the Tokyo Motor Show later this month. But don’t expect to see it land in Toyota showrooms. Badged a “Century” model, it will signal the launch of an all-new brand rising above the automaker’s current Lexus division to take on some of the world’s most exclusive marques, including Bentley and Rolls-Royce. Headlight.News has more.
Stellantis will invest $13 billion to increase production and add new products in the U.S. market, the company revealed, noting that this will be the largest investment in the history of the Chrysler Corp. side of the trans-Atlantic automaker. It also marks a...
Mitsubishi line-up is getting ready for a big growth spurt. The automaker today confirmed it will introduce an “all-new…off-road-focused” version of its Outlander SUV, on top of the all-electric utility vehicle it previously confirmed will arrive next summer. Headlight.News has more.
General Motors has ended a program aimed at using hydrogen fuel-cell technology as an alternative to battery power, in the process scrapping plans for a $55 million factory in Detroit. The automaker will continue producing fuel-cell stacks for use in stationary applications, however. More from Headlight.News.