In this week’s episode of the podcast, Truck maker Nikola goes bankrupt while trouble finds its way to Ford, GM, and Tesla. We also go for a spin in the 2025 Hyundai Ioniq 5 before charging our batteries with This Week in Automotive History.
Earnings and Financials
Here’s More on the VW Concept Hinting at a New, “Affordable” EV
Volkswagen released a pair of sketches showing off a new concept dubbed the ID.EVERY.1. They reveal the direction the German automaker plans to take when it launches a new, entry-level battery-electric vehicle in 2027. But what else have we learned about the show car and ID.1 production model to follow? Headlight.News has more.
Jury Hits Ford with $2.5B Verdict in Georgia Super Duty Rollover Case
A Georgia jury awarded over $2.5 billion to the survivors of a couple who were killed in 2022 when their Ford Super Duty pickup rolled over. It’s a record award to come a Georgia court and one of the highest affecting an automaker in the U.S. Headlight.News has more....
EV and Hydrogen Truckmaker Nikola Files Chapter 11; Will Try to Sell Assets
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.
GM Closing Plant in China as Part of Restructuring
The competition in China is getting tougher for General Motors. As a result, the automotive company is restructuring, including shutting down a plant that built a minivan and an SUV for the Chinese market. Find out more at Headlight.News.
Nissan Teases Six Models As it Struggles to Reverse Sales, Earnings Slide
With its planned merger with Honda now likely dead, Nissan desperately needs to come up with the products that can help it head off a further decline in sales and earnings. It’s dropped a teaser showing some of what it now has in the pipeline ready to debut over the next two years – and the emphasis is on electrified drivetrain technology, with a Rogue PHEV, e-Power models and even a new Nissan Leaf in the works.
Automakers Brace as Trump Promises New Tariffs on April 2
Automakers and auto buyers could face new import tariffs, based on comments made by Pres. Donald Trump. Such a move would drive up costs not only for foreign-made vehicles but likely also will impact many of those assembled in the U.S. as most of those rely on imported parts and components. With the average transaction price for new vehicles already near record levels, analysts warn, many buyers could be priced out of the market. And, with some trade partners already warning they would strike back with new tariffs of their own, U.S. auto exports may also take a big hit.
Losses Worsening, Nissan Cutting U.S. Production, Shutting 3 Global Assembly Plants, Trimming More Jobs
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.
Dogged by Conflict of Interest Concerns, State Dept. Appears to Back Off Purchase of $400 Million Worth of Armored Tesla Cybertrucks
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.
EV Sales Could Flatten This Year as Trump, GOP Raise New Obstacles
EV sales appear likely to stagnate in 2025 in 2025, largely due to new roadblocks the Trump administration and Congress are ready to throw in the way, according to a new J.D. Power forecast. That could cause major headaches for automakers investing billions to bring more of the vehicles to market. But the research firm still sees demand rebounding later in the decade to the point where electric vehicles will account for more than a quarter of new vehicle sales.
Why Is GM Dumping So Many Seasoned Corvette Execs?
When Tadge Juechter, the long-time chief engineer for the Corvette program, left nearly a year ago it seemed like just a normal retirement. But severalother members of the sports car’s team have now left – and not voluntarily. That has many observers wondering: what’s going on at Corvette?
Tesla Stock in Freefall and Elon Musk is the Main Reason Why
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.