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Earnings and Financials

Tesla Faces Biggest Protest Yet on March 29

Tesla Faces Biggest Protest Yet on March 29

by | Mar 28, 2025 | , , , , , , , , ,

Thousands of people are expected to gather at more than 500 showrooms, service centers and other locations on Saturday March 29 as part of “Tesla Takedown,” a loosely organized movement aimed at protesting CEO Elon Musk’s political shift to the extreme right, as well as his role heading the Trump administration’s controversial Department of Government Efficiency. The question is whether there will be any of the sort of violence that has occurred at other protests in recent weeks. Headlight.News has more.

Trump Threatened to Punish Automakers Who Pass Tariff Costs on to Buyers

Trump Threatened to Punish Automakers Who Pass Tariff Costs on to Buyers

by | Mar 28, 2025 | , , , , , , , , , ,

The automotive tariffs going into effect next months could add thousands, even tens of thousands, of dollars to the cost of new vehicles. But Pres. Donald Trump raised the threat  that he might punish manufacturers who pass tariff costs on to consumers. More from Headlight.News.

Fading Consumer Confidence, Aggravated by New Trump Tariffs, Could Cripple Auto Industry

Fading Consumer Confidence, Aggravated by New Trump Tariffs, Could Cripple Auto Industry

by | Mar 27, 2025 | , , , , , , ,

Consumer confidence, a key ingredient for healthy vehicle sales, is slipping, according to new polls And with buyers already wary of price hikes, New increases, triggered by President Donald Trump’s broad tariff policies could translate into a sharp market slump, report Headlight.News.

Stellantis Says: Quit Your Job, Get a Check

Stellantis Says: Quit Your Job, Get a Check

by | Mar 27, 2025 | , , , , , , , , ,

Back when Lee Iacocca was running Chrysler the company famously offered motorists a chance to “Buy a Car, Get a Check.” These days, the automaker is part of a trans-Atlantic conglomerate and Stellantis has a new pitch aimed at its U.S. union workers: quit your job and get a check. More from Headlight.News.

Trump Announces Tariffs on Imported Autos, Auto Parts – Threatening Auto Sales, Earnings

Trump Announces Tariffs on Imported Autos, Auto Parts – Threatening Auto Sales, Earnings

by | Mar 27, 2025 | , , , , , , ,

President Donald Trump formally announced that 25% tariffs targeting imported autos and auto parts will go into effect on April 3, though final details impacting some Canadian and Mexican imports have yet to be finalized. Trump promised the move will spur significant growth in the domestic auto industry. But many analysts, along with industry officials, warned it could result in a hit to industry sales and earnings, driving many potential customers out of the new vehicle market. Headlight.News has more.

Tesla Founder Straubel High on the List as Disgruntled Investors Demand Automaker Replace Musk

Tesla Founder Straubel High on the List as Disgruntled Investors Demand Automaker Replace Musk

by | Mar 26, 2025 | , , , , , , , , , , , , ,

A growing number of investors, including some of Tesla’s traditional bulls, are pressing the automaker to replace CEO Elon Musk despite the rebound in the company’s stock this week. That has led to growing speculation over who might come in to replace him, with founder and former tech chief J.R. Straubel in the spotlight. Headlight.News has more.

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

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

by | Mar 25, 2025 | , , , , , , , , , , ,

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.

Trump Turns Tail, Reportedly Won’t Follow Up With Auto Tariffs

Trump Turns Tail, Reportedly Won’t Follow Up With Auto Tariffs

by | Mar 24, 2025 | , , , , ,

Faced with strong resistance from domestic and foreign automakers alike, Pres. Donald Trump has reportedly folded and won’t put in place 25% tariffs on Mexican and Canadian autos and auto parts which, critics warned, could cripple the auto industry while also giving a hammer blow to the U.S. economy as a whole. More from Headlight.News.

GM, Hyundai Working Up Product-Sharing Alliance for Pickups, EV Vans

GM, Hyundai Working Up Product-Sharing Alliance for Pickups, EV Vans

by | Mar 21, 2025 | , , , , , , , , , , , , , , , ,

General Motors and Hyundai are said to be in talks that would lead to significant product sharing in the pickup and commercial EV van segments, according to a new report. Such a move would expand on the alliance the two automakers recently announced focusing on hydrogen fuel-cell technology. More from Headlight.News.

Taiwan’s Foxconn Reportedly Doing EV Deals with Two Japanese Automakers – including Mitsubishi

Taiwan’s Foxconn Reportedly Doing EV Deals with Two Japanese Automakers – including Mitsubishi

by | Mar 21, 2025 | , , , , , , , , , , , ,

Best known as the manufacturer of Apple’s iPhone, Foxconn is reportedly locking down a deal to produce battery-electric vehicles with two Japanese automakers. Details have yet to be revealed but Mitsubishi appears to be one of the new partners and there is speculation Foxconn may be working out arrangements with either Nissan or Honda, those two Japanese automakers having failed to secure their own merger deal. More from Headlight.News.