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Earnings and Financials

Federal Reserve Rate Cut May Not Help Increasing Price-Sensitive Car Buyers

Federal Reserve Rate Cut May Not Help Increasing Price-Sensitive Car Buyers

Facing an uncertain economic environment that threatens to undermine demand for retail sales, including new vehicles, the Federal Reserve Board voted to cut interest rates. But it’s far from clear that will be enough to head off an automotive downturn worsened by anticipated tariff-driven price hikes. More from Headlight.News.

Hyundai Expanding Georgia Plant Hit by ICE Raid as Part of $55 Bn Global Investment Plan

Hyundai Expanding Georgia Plant Hit by ICE Raid as Part of $55 Bn Global Investment Plan

Hyundai plans to locally produce 80% of the vehicles it sells in the U.S., the automaker announced Thursday. As part of a $55 billion global investment program it will spend $2.7 billion to expand the electrified vehicle plant near Savannah, Georgia hit by an ICE raid two weeks ago, boosting its production capacity to 500,000 vehicles annually. More from Headlight.News.

Ford Set to Demolish “Glass House,” Move to New World Headquarters

Ford Set to Demolish “Glass House,” Move to New World Headquarters

Ford Motor Co. will move into a new world headquarters inside of its main product development campus a few miles away from its current corporate office building. In turn, Ford will tear down “Glass House,” the 12-story building that had served as its HQ for the last 70 years. More from Headlight.News.

Even as Detained Workers Return Home, Korean Companies Warn Employees in U.S. More ICE Raids Could Follow

Even as Detained Workers Return Home, Korean Companies Warn Employees in U.S. More ICE Raids Could Follow

Hundreds of South Korean workers detained by an ICE raid at a Hyundai battery plant in Georgia were returned home to cheers from family and government officials. But Korean companies are worried that more immigration raids will follow, throwing into chaos Korean-owned auto, shipbuilding, steel and electrical equipment operations across the U.S. Headlight.News has more.

Yet again? Ford Recalls 1.9 Million Vehicles Due to Faulty Rearview Cameras – And More Could Follow

Yet again? Ford Recalls 1.9 Million Vehicles Due to Faulty Rearview Cameras – And More Could Follow

Another day, another big Ford recall, it seems, the automaker now announcing it needs to fix faulty rearview cameras in about 1.9 million vehicles. It’s the second time this problem has cropped up recently – and now brings the total number of recalls involving Ford products to well over 100 this year. Headlight.News has more.

Get Ready, Get Set. Ford Introduces New Global Media Campaign

Get Ready, Get Set. Ford Introduces New Global Media Campaign

In a fast-changing automotive world, even the biggest brands have no guarantee they can survive indefinitely. That’s led Ford to launch its first global marketing campaign in a decade. But what’s the “Ready Set Ford” big buck project trying to achieve? Headlight.News has the story.

BMW Plans 40 Models Off Neue Klasse Platform by 2027

BMW Plans 40 Models Off Neue Klasse Platform by 2027

The new BMW iX3 is the first all-electric model based on the automaker’s Neue Klasse platform – but it won’t be the last. The Bavarian automaker’s CEO said Monday that 40 new and updated products using the “new class” technology will roll out over the next two years. Up next: the i3, an all-electric version of the 3-Series, reports Headlight.News.

ICE Takes 100s of Workers Into Custody at Hyundai Battery Plant

ICE Takes 100s of Workers Into Custody at Hyundai Battery Plant

Hundreds  of employees of LG Energy Solution, a South Korean battery maker, were taken into custody in an immigration raid at a Hyundai plant being built outside Savannah, Georgia, officials from both ICE and the South Korea’s Foreign Ministry have confirmed.