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Earnings and Financials

VW May Cut 100k Jobs, Close Four Plants, in Biggest-Ever Restructuring

VW May Cut 100k Jobs, Close Four Plants, in Biggest-Ever Restructuring

Volkswagen is preparing what may become the largest restructuring in its nearly 90-year history, a move that could see as many as 100,000 workers lose their jobs as four German plants close. The move is blamed on its weakening position against domestic Chinese brands like BYD and Geely, reports Headlight.News.

Polestar Banned from Selling Vehicles in the U.S. After 2026 Model Year

Polestar Banned from Selling Vehicles in the U.S. After 2026 Model Year

The Trump administration banned Polestar from selling vehicles in the U.S. after the 2026 model year, the automaker said Thursday, the result of the Trump administration’s crackdown on connected vehicle technology from China where the EV brand’s parent is based. More from Headlight.News.

Depleted U.S. Weapons Stash Could Turn Detroit Into the “Arsenal of Democracy” Once Again

Depleted U.S. Weapons Stash Could Turn Detroit Into the “Arsenal of Democracy” Once Again

The Iran War has left the U.S. military with a depleted stockpile of weapons – even while revealing there’s an entirely new form of warfare. Yet that has the Pentagon reaching into its past and could see Detroit’s automakers emerge as a modern version of the “Arsenal of Democracy” that played a critical role in winning World War II. Headlight.News has more.

GM Takes on the Challenge of Backing Up the Struggling Electrical Grid with New Sodium Ion Batteries

GM Takes on the Challenge of Backing Up the Struggling Electrical Grid with New Sodium Ion Batteries

Even though EV sales may be slowing down, the nation’s electrical grid faces a variety of challenges, especially with the surge in data center construction. GM plans to lend a hand through a new partnership bringing out backup technology using new sodium ion battery technology. More from Headlight.News.

No V-8? No Sale, Say 40% of Ram Buyers

No V-8? No Sale, Say 40% of Ram Buyers

The latest-generation Ram 1500 pickup got off to a slow start when it made its debut two years ago, sales only taking off when the automaker revived the Hemi engine option last summer. Nearly half of Ram buyers demand a V-8 a senior executive said, even if doesn’t deliver the power, performance – or fuel economy of today’s turbocharged inline-6. More from Headlight.News.

Ferrari Luce: Is This the “Destruction of a Legend”?

Ferrari Luce: Is This the “Destruction of a Legend”?

Ferrari officially pulled the covers off the Luce, its first-ever battery electric vehicle. Despite some kind words from Pope Leo, however, the reaction to the $640,000 was largely unflattering. Is this the product that brings the house of the “prancing pony” crashing down? Headlight.News has more.