Tesla shareholders have filed a lawsuit accusing Tesla and CEO Elon Musk of securities fraud, claiming they hid the potential dangers associated with the company’s new robotaxis. The suit touched off a sharp slump in Tesla sales.
Earnings and Financials
Jaguar Land Rover’s New CEO Has His Hands Full
Three years after his sudden promotion to CEO, Adrian Mardell is stepping down as Jaguar Land Rover CEO. His successor, P.B. Balaji inherits a much more financially sound company – but faces plenty of his own challenges.
Automakers Hold Back on Tariff Price Hikes – For Now
Pres. Donald Trump’s tariffs will add billions to the cost of manufacturing vehicles in the U.S., as well as importing products from abroad. So far, however, automakers have been reluctant to pass those higher costs onto consumers, fearing that could trigger a sharp downturn in demand. How long they can continue swallowing those higher costs remains to be seen. More from Headlight.News.
Auto Sales Up in July – But Show Signs of Slowdown as Tariffs Hit, Unemployment Climbs.
Automakers, especially Asian brands, posted healthy sales for July. But the pace is expected to slow as the economy turns sluggish from Trump’s tariffs and as unemployment begins to climb.
Chevy Teases Return of the Volt – But Will it Be America’s Most Affordable EV?
After a more than two-year absence, the Chevrolet Bolt will make its return next year, the bowtie brand now says. It will undergo a number of changes and is expected to get better range and performance. But the bigger question is whether it will maintain its position as the country’s most affordable battery-electric vehicle. More from Headlight.News.
Buyers Face Increasingly Tough Choices if They Want a New Vehicle
Trump’s tariffs are raising the prices of new vehicles and threatening the finances of buyers looking for a way to purchase, which are leaving them deeper in debt, new studies show.
Despite Record Revenue Numbers, Ford Takes Small Loss for Q2
Ford released its second-quarter earnings results, setting a new record with $50.2 billion in revenue, but it wasn’t enough to keep it out of the red. The company recorded a net loss of $36 million. Get the rest of the numbers at Headlight.News.
Mercedes Pauses U.S. EV Orders as Sales Slide
While it had high hopes when it launched its EQ line-up of all-electric models, Mercedes-Benz has seen sales fall well short of expectations and is now putting its U.S. EV order bank on hold. Headlight. News has more.
Tariffs Drag Stellantis Deep Into the Red – and Will Get Worse in 2nd Half, Automaker Warns
Tariffs Drag Stellantis Deep Into the Red – and Will Get Worse in 2nd Half, Automaker Warns
Headlight News Podcast for the Week of 7-28-25
On this week’s Headlight News podcast, we talk about President Trump’s trade deals, how the existing tariffs crashed Tesla’s and GM’s second quarter earnings, the new Honda Prelude as well as offering a review of the new Toyota Prius Prime. Check it out and tell us what you think.
EU Trade Deal Will Cost American Car Buyers, European Automakers Billions
U.S. and European trade negotiators reached the framework agreement on a new trade deal that will result in new, 15% tariffs on most European goods shopped to the States, including automobiles. That’s a sixfold increases from before and for buyers of products from brands like BMW, Mercedes-Benz, Fiat and Maserati, that could mean substantially higher prices. It could also hammer profits for those manufacturers – though U.S. negotiators hope the deal will see more production moved to the United States. More from Headlight.News.
UAW Says it Was Burned by Trump on Tariffs
After throwing its support behind Pres. Donald Trump’s 25% tariffs on imported autos and auto parts, the United Auto Workers admits is coming up empty handed in the administration’s new deal with Japan, which offers nothing for workers and could lead to lower wages. Headlight.News has more.