Officials at EV maker Polestar said that it’s going to take longer than originally forecast for the nascent automaker to be in the black. It also delayed a planned expansion to new companies. Check out the story at Headlight.News.
Earnings and Financials
Zeekr Shows Why Foreign Brands Fear Emerging Chinese Automakers
Chinese automotive exports hit an all-time record last year – even while being effectively locked out of the U.S. market. But despite incoming Pres. Donald Trump’s threat to put still more tariffs on Chinese-made vehicles, the doors may not be locked forever. And anyone who checked out the new Zeekr brand’s news conference and display at the Consumer Electronics Show is likely to understand why that worries other manufacturers.
Toyota Ready to Open Woven City, Its “Test Course for Mobility”
It’s been five years since Toyota announced plans to open an entirely new city in the shadow of Japan iconic Mount Fuji. The first phase of development of this “test course for mobility is now complete and the automaker is about to invite the first “weavers” and “inventors” to start moving in. Headlight.News has more.
Trump Could Roll Back Fuel Economy Rules Despite Strong Support From U.S. Motorists
During his first term in office Pres. Donald Trump attempted to roll back federal fuel economy standards. He has signaled plans to take similar steps when he returns to office and may also issue orders that could reduce demand for highly efficient EVs. But that would fly in the face of what a new survey shows: improved fuel economy “at least somewhat important” to 96% of American drivers, crossing political boundaries.
Electrified Vehicles Drive China Auto Sales to Record 31.4 Million, Twice U.S. Volume
After several weak years triggered by the COVID pandemic, Chinese auto sales surged to a new record nearly twice that of the U.S. market. And strong demand for EVs and hybrids played a critical role, according to industry data. Meanwhile, Chinese auto exports also surged to record levels. More from Headlight.News.
Simcoe Stepping Down, Nesbitt Becomes Only 8th Design Chief in GM History
If you want job security, it seems, you might hope to land the role as General Motors’ head of design. There’ve only been seven people to hold that position over the last century. But that exclusive club will soon grow to eight as Michael Simcoe steps down and hands his pens to GM veteran Bryan Nesbitt. Here’s more on the transition.
Ram Pickup Toppled by Toyota’s RAV4, Parent Stellantis Was the Big Loser of 2024
If you’re wondering just how bad things got for Stellantis last year, consider the fact that its Ram pickup fell off the podium, losing its traditional third-place position in the U.S. sales race – behind the Ford F-Series and Chevrolet Silverado – to Toyota’s RAV4 SUV. Overall, the Euro-American automaker was one of only two manufacturers to report a decline in sales in 2024 and faces serious challenges to turn things around in 2025.
The Big Automotive Stories We Expect in 2025
The new year is likely to be a big year when it comes to the auto industry, especially with a new president coming into office who has signaled plans to scrap EV sales incentives and enact hefty new tariffs on imported auto parts and fully assembled vehicles. We’ve...
Tesla Sales Take First Full-Year Fall; Musk’s Politics Catch Some Blame
While EV sales growth has slowed down this past year, demand was still up by about 10% in 2024. And the numbers would have been even bigger were it not for Tesla. While still the market leader, it suffered a first-ever annual sales decline last year. A variety of factors were at play, including CEO Elon Musk’s increasingly polarizing politics. More from Headlight.News.
The Biggest Automotive Stories of 2024
Oh, what a year it was. 2024 took saw a number of predictable stories top our coverage on Headlight.News, but the year also saw some surprising twists and turns — like the planned merger between Honda and Nissan – that no one likely would, or could, have predicted 12 months ago. There was some good news for consumers, and some bad. Some automakers made out like bandits, while others are now struggling with an uncertain future. Here are the 2024 stories that our editorial team found most compelling.
Jimmy Carter, Dead at 100, Had Major Influence on Auto Industry
He may have had just one term in the White House but it came at a critical time for the nation, as a whole, and for the auto industry, in particular. Former President Jimmy Carter, who passed away over the weekend at the age of 100 oversaw changes to automotive safety and emissions regulations. He was also in the Oval Office at a time of a major oil embargo, an assault by automotive imports and a time of reckoning for Detroit’s automakers – including the near collapse of Chrysler Corp.
Auto Sales Expected to End Year on High Note – but 2025 Could See Momentum Stall
December has become one of the biggest car buying months of the year and this December should be something to remember. Sales are looking very healthy as carmakers spend lavishly on product promotions, interest rates dip and higher tariffs – and prices – appear on the horizon.