Volkswagen’s CEO and CFO presented senior management a “massive” plan to cut costs by 20% by the end of 2028, a move that could save as much as $71 billion at current exchange rates. The move could bring plant closures and cuts to employment, reports Headlight.News.
Driven largely by the phase-out of federal tax credits, U.S. sales of battery-electric vehicles slid last year, with registrations down for the first time in a decade. Most experts anticipate a rebound, though how much and how fast that recovery will happen is uncertain. Headlight.News has more.
China’s BYD saw a massive surge in global sales last year. It not only topped Tesla as world’s largest seller of battery-electric vehicles but also beat Ford Motor Co. in overall global sales. More from Headlight.News.
President Trump is threatening to block the opening of a new bridge linking Detroit and Windsor, Ontario eagerly sought by the auto industry. The president points to his escalating debut with Canada but critics see a political favor for a major GOP donor who owns a rival span across the Detroit River. Headlight.News has more.
Ford reported a loss of $8.2 billion FY2025 due to the $19.5 billion special charge in the fourth quarter related to its EV business. The fourth quarter loss was even bigger: $11.1 billion. However, the company’s 2026 guidance provided some optimism. Details at Headlight.News.
Toyota has a new CEO set to take charge on April 1 and, unlike the man he’ll succeed, Kenta Kon is a finance guy determined to deliver some big numbers for the world’s largest automaker. He intends to build up Toyota’s war chest – and one way he’ll do that is with a planned 30% increase in hybrid sales by 2028. More from Headlight.News.
It’s taken two years, but workers at the Volkswagen plant in Chattanooga, Tennessee are set to get a big payoff after voting to approve union representation. The question is whether they will approve their tentative new contract, reports Headlight.News.
The severe winter weather blanketing the U.S from Texas to Maine failed to slow new vehicle sales in January, with Asian automakers, in particular, reporting gains for the month. More from Headlight.News.
Stellantis is ordering workers to report back to their offices five days a week. It’s the latest automaker to abandon the work-at-home practices that were put in place nearly six years ago as COVID lockdowns shook up the working world.
Mercedes-Benz CEO Ola Kallenius rejected pressure from Howard Lutnick, the U.S. Treasury Secretary, to move his company’s headquarters to the United States. But it will increase U.S. production. Headlight.News has more.
Tesla faced plenty of headwinds in 2025, and the company’s revenue and profits took a hit as a result. Despite the declines, the company offered its shareholders glass-half-full guidance for 2026, and the stock rose in after-hours trading. Get the story at Headlight.News.
In an era when broadcast television seems to be losing its grip, the Super Bowl remains an example of traditional “appointment TV,” something millions of Americans clear their calendars for. And automakers responded by investing millions of dollars to air lavishly produced commercials. That was especially true in the auto industry. Yet, the industry seems to be growing wary and there’ll be only a handful of brands staking a presence during the broadcast of Super Bowl LX, reports Headlight.News.