Rivian and Lucid are both electric vehicle manufacturers, but that’s where the comparisons end when looking at each company’s third-quarter earnings results. Rivian beat the street’s expectations as Lucid fell short. Headlight.News has details.
Earnings and Financials
Musk’s $1 Trillion Pay Package Goes to Tesla Sharholders
Shareholders could decide the future of Elon Musk and Tesla this week as they vote on the proposed $1 trillion pay package many big investors are finding hard to accept at a time when Musk’s judgement and entrepreneurial instinct is in question. More from Headlight.News.
As EV Sales Crash, Kia Delays U.S. Debut of Compact EV4
October brought bad news for automakers, EV sales tumbling sharply following the phase-out of federal tax credits. With demand not expected to recover any time soon, Kia has decided to put the U.S. launch of its most affordable battery-electric vehicle, the EV4, on hold. More from Headlight.News.
Exclusive: Toyota Looking to Boost U.S. Auto Exports to Japan, Along with $10B Investment in States
Toyota committed to invest another $10 billion in the United States, as negotiations on a new U.S.-Japan trade deal moved forward — prompting Pres. Donald Trump to tell troops stationed in Japan, “Go out and buy a Toyota.” In an exclusive report, Headlight.News reports Toyota also is looking for ways to boost U.S. auto exports to Japan.
Is it Time to Break Up Stellantis?
There were high hopes when Fiat Chrysler Automobiles and the PSA Group officially completed their merger on January 16, 2021. But things haven’t worked out quite as planned, the automaker now known as Stellantis struggling to reverse a sharp decline in sales and earnings. While the company insists it’s on the mend, some wonder if it would be better to consider this a failed experiment and break the company up. That notably includes former CEO Carlos Tavares. Headlight.News has more.
Ford Sets New Record, Beats Street’s Q3 Estimates
Ford set a new revenue record during the third quarter, and beat Wall Street predictions for their results. However, supplier issues forced the automaker to cut its full-year earnings guidance. Get details at Headlight.News.
Tesla Q3 Profits Take a 40% Hit Despite Revenue, Global Delivery Records
Tesla revealed its third-quarter operating income dropped 40% compared to the year-ago period despite setting a new record for deliveries and revenue during the period. Officials cited a litany of reasons, but the biggest drivers appear to be tied to tariffs and sales mix. Check out the story at Headlight.News.
GM Turns Q3 Profit Despite $1.6B Charge Resulting from EV Plans
General Motors looked to be the leader in the electric vehicle market by investing heavily in the segment, and that push crimped its Q3 earnings numbers as it took a $1.6 billion charge to offset investments in its EV operations during the period. However, the company still reported a profit, and investors are happy. Get details at Headlight.News.
Stellantis Latest to Pause Production as Shortages Again Threaten to Cripple Auto Industry
Stellantis has temporarily halted production at a Jeep plant in Warren, Michigan, even as three Ford plants sit idle. All face a shortage of aluminum due to a fire at a supplier plant. Meanwhile, automakers are beginning to fret there could be more closures coming across the industry due to semiconductor shortages – repeating a crisis that cast the industry millions of vehicles in lost production during the COVID crisis. Headlight.News has more.
Automakers Paying Nearly $11 Billion on Tariffs – And Consumers Will Start Paying More of the Bill
The Trump administration’s trade war is proving costly for the auto industry which will wind up paying about $10.6 billion in tariffs – just on autos and auto parts imported from Canada and Mexico – through the end of October, and while they’ve largely absorbed most of those costs, so far, consumers can expect to start seeing more of those tariffs passed on in new vehicle prices in 2026 and beyond, reports Headlight.News.
Cadillac Dropping CT4 Sedan, Replacing Bigger CT5, as it Recommits to Gas Models
The current versions of the Cadillac CT4 and CT5 models – including high-performance Blackwing packages – will be dropped at the end of the 2026 model year – though a replacement for the bigger sedan is set to follow in 2027.
Toyota Takes Aim at Bentley, Rolls-Royce with New Century Brand
Toyota will show off a new super-premium luxury car concept during the Tokyo Motor Show later this month. But don’t expect to see it land in Toyota showrooms. Badged a “Century” model, it will signal the launch of an all-new brand rising above the automaker’s current Lexus division to take on some of the world’s most exclusive marques, including Bentley and Rolls-Royce. Headlight.News has more.