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Earnings and Financials

GM Reports Rise in Q3 Revenue, Exceeds Analysts’ Expectations

GM Reports Rise in Q3 Revenue, Exceeds Analysts’ Expectations

General Motors brought in more money during the third quarter compared to a year ago, but those additional funds didn’t translate to bigger profits. However, the numbers did give the company reason to revise its earnings upward. Find out more at Headlight.News.

As Musk Preps to Debut Tesla RoboTaxi Automaker Struggles with Flood of Exec Departures

As Musk Preps to Debut Tesla RoboTaxi Automaker Struggles with Flood of Exec Departures

It’s a put-up-or-shut-up-day for Elon Musk as Tesla prepares to reveal its long-promised Cybercab, but the company has plenty of other challenges facing it right now, starting with the departure of four top-level executives leading an exodus of talent as insiders balk at the CEO’s increasingly erratic behavior.

EVs, Hybrids Salvage an Otherwise Weak September for Tesla, Ford, GM, Other Automakers

EVs, Hybrids Salvage an Otherwise Weak September for Tesla, Ford, GM, Other Automakers

Tesla posted a modest upturn in sales for the third quarter after losing ground during the first half of the year. And it wasn’t alone. EVs, PHEVs and conventional hybrids staved off what could have been a much sharper downturn for the U.S. auto industry, helping prop up major manufacturers including General Motors, Ford, Toyota and Mitsubishi.

Hurricane Helene Could Trigger Another Major Semiconductor Shortage

Hurricane Helene Could Trigger Another Major Semiconductor Shortage

The damage wrought by Hurricane Helene could take months to calculate but it also could be felt worldwide. The floods that roared through the mountainous western part of North Carolina devastated one town, in particular, that is known for more than just its scenic views. It’s one of the world’s largest sources of the “high-purity quartz” needed to produce semiconductors. And it could touch off another major chip shortage in the months ahead.

Ford Powers Promise of EVs by Offering Free Home Chargers

Ford Powers Promise of EVs by Offering Free Home Chargers

Ford CEO Jim Farley announced plans today to offer free home chargers and installation to buyers of the company’s slow-selling electric vehicles. Farley took to LinkedIn to outline the company’s newest incentive, the Ford Power Promise, to sell EVs while continuing to show his advocacy for them. Get details at Headlight.News.

Under Increasing Pressure, Stellantis CEO Carlos Tavares to Retire – But Not Until 2026

Stellantis CEO Tavares May Be on His Way Out

Once one of the most respected executives in the auto industry, CEO Carlos Tavares is coming under withering fire from investors, dealers and employees as the company’s fortunes fade – especially in North America, its most profitable region. With his contract set to expire early next year, the automaker is considering whether it’s time for a management shake-up.