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Earnings and Financials

Stellantis Announces Further Layoffs – as Job Cuts Sweep Across the Industry

Stellantis Announces Further Layoffs – as Job Cuts Sweep Across the Industry

Stellantis is cutting another 1,100 jobs, the latest furloughs impacting workers at the Toledo, Ohio plant producing Jeep products such as the Wrangler and Gladiator. The news comes at a time when other manufacturers, including Nissan and Audi, are paring back at a time of weakening sales.

Nissan Slashes 9K Jobs, Cuts Production 20% After Disastrous First Half of 2024

Nissan Slashes 9K Jobs, Cuts Production 20% After Disastrous First Half of 2024

Nissan Motor Co.’s struggles not only continued in the first half of fiscal year 2024, they worsened. The results forced the automaker to make dramatic moves to shore up losses, including slashing 9,000 jobs worldwide and cutting production by 20%. Find out more what happened at Headlight.News.

Trump’s Second Term Presents Opportunities, Poses Risk to Auto Industry, Says Top Toyota Exec

Trump’s Second Term Presents Opportunities, Poses Risk to Auto Industry, Says Top Toyota Exec

After scoring a major win in the election this week, President-elect Donald Trump is widely expected to move quickly on a broad agenda when taking office next January. He has made it clear this will include a number of issues critical to the auto industry, including tariffs and EVs. That presents some significant opportunities for manufacturers, but also poses quite a few risks, said a senior Toyota executive who spoke to Headlight.News shortly after Trump’s victory was confirmed.

Toyota Earnings Hit by Sales, Quality, Production Issues

Toyota Earnings Hit by Sales, Quality, Production Issues

In a rare and unexpected setback, Toyota suffered a 20% dip in its operating profit for the most recent quarter, the automaker hit by a variety of problems including recalls and quality snags that delayed the launch of the new 4Runner. But a senior U.S. official said the Japanese giant expects to get back on track in months ahead.

Scout’s Direct-to-Buyer Sales Plan Sets Off Dealer Backlash

Scout’s Direct-to-Buyer Sales Plan Sets Off Dealer Backlash

Auto dealers are ready to go to war with Scout Motors over the new brand’s plan to sell directly to customers without using franchised retailers. Scout is also planning to build separate service centers, which are emerging a key part of the EV landscape.

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.