Stellantis reported its net revenue dropped 27% compared to third-quarter results from a year ago. The company pointed to lower sales and an “unfavorable mix” and the primary reasons for the decline. Get details at Headlight.News.
Earnings and Financials
Ford Posts Mixed Q3 Results, Revises Full-Year Earnings Downward
Ford Motor Co. reported third-quarter earnings that beat some analysts’ expectations while falling short in other areas. The company revised its full-year earnings forecast after it took a $1 billion charge and saw the impact of a pricing war on its bottom line. Get details at Headlight.News.
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.
Tesla Beats Q3 Profit Expectations from Wall Street
EV maker Tesla reported better-than-expected results for the third quarter. The Texas-based company beat the analysts’ profit forecasts despite coming up slightly short on revenue predictions. Get the details of the company’s third quarter results at Headlight.News.
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.
Under Increasing Pressure, Stellantis CEO Carlos Tavares to Retire – But Not Until 2026
Facing mounting criticism for the automaker’s recent plunge in sales and earnings, Stellantis CEO Carlos Tavares will retire in 2026. The announcement comes amidst a major shake-up in the automaker’s Euro-American management team.
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.
Stellantis CEO Tavares Squashes Renault Merger Reports
With Stellantis trying to sort out what to do with its 14 brands, i.e. which ones to keep, CEO Carlos Tavares dismissed the notion that the company is looking to add another: French automaker Renault. Find out more at Headlight.News.
Toyota Pushing Back Production of NA EVs Until 2026
Already not in any hurry to begin producing electric vehicles in big numbers like many of its competitors, Toyota officials revealed the company’s adjusted its manufacturing timeline in North America from late 2025 to sometime in 2026. Find out more at Headlight.News.
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.
Dock Strike Poses Problems for Carmakers, Car Buyers
A strike by longshoreman called in dispute over wages and use of automation threatens to choke off shipments to ports on the East and Gulf coasts, threatening to delay deliveries of everything from groceries to autos and auto parts.
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.