While it may have one of the most diverse brand portfolios in the industry, struggling Stellantis has a limited war chest to support them. So, going forward, new CEO Antonio Filosa plans to focus investments on just four of those marques. What happens to the other brands like Chrysler, Dodge, Lancia and Opel? Headlight.News has more.
At a time when the typical buyer now spending around $50,000 to drive off the dealer lot, millions of American motorists are being forced out of the new vehicle market. Budget buyers could soon find their choices even more limited, however, depending upon negotiations to update the U.S. -Mexico-Canada Agreement. How that shakes out may lead a number of U.S. and foreign-owned automakers to drop their most affordable models.
General Motors saw its first quarter net income drop 5.7% to $2.6 billion due costs associated with a settlement with its electric vehicle supplier base. However, on an adjusted basis its earnings rose 21.9% to $4.3 billion. Find out more at Headlight.News.
U.S. EV sales have stumbled badly since federal tax credits were phased out last September. But global demand remains strong – and continues to grow aggressively in the world’s largest automotive market. That positions China’s domestic automakers to take the lead in the battery-electric model, even in North America. Headlight.News has more.
Struggling to deal with the surge in gas prices since the Iran War began? A senior oil industry executive has a two-word suggestion: “drive less.” Headlight.News has more.
Let by CEO Ivan Espinosa, senior Nissan officials spent nearly an hour Thursday morning outlining a grand plan meant to move beyond the massive cuts it was forced to make over the last few years. It calls for a smaller, more focused product portfolio, new powertrain technologies, more tech features, a leaner product development and manufacturing system – and growth in the key markets of the U.S., Japan and China. Headlight.News has more.
Breaking News: Nissan will streamline its vehicle line-up, even while adding more powertrain options, CEO Ivan Espinosa announced during a Tuesday morning news conference on Tuesday morning Tokyo time. The strategy, dubbed “Mobility Intelligence for Everyday Life,” will also see the second-largest Japanese automaker put more emphasis on “AI-defined vehicles.”
Kia will follow sibling Korean brand Hyundai in launching a midsize pickup, one in what’s expected to be a family of body-on-frame trucks bound for the U.S. market by 2030. The Kia model will be offered with various powertrain options, including a hybrid and an extended-range EV package, reports Headlight.News.
The year’s gotten off to a bad start for Buick, the automaker’s U.S. sales down by roughly a third during the first quarter. Put the blame on the Trump auto import tariffs which have crippled sales of one of the brand’s most important products. Headlight.News has more.
It must have seemed like a good idea at the time. Across Southern Florida, hundreds of affluent buyers apparently saw something unique in the idea of living in a luxury car-themed condo. But for many of them, things aren’t working out quite as planned in high-rises linked to automotive brands including Porsche, Bentley, Aston Martin, Lamborghini and Mercedes-Benz. Headlight.News has more.
U.S. auto sales tumbled sharply in March reflecting growing consumer concerns about record vehicle prices, surging fuel costs and broader worries about the health of the economy. There was one unexpected positive note, however. Headlight.News explains.
New vehicle sales appear to have gone into decline during the first quarter, with industry insiders worrying the downturn could accelerate as the Iranian War triggers not only higher fuel prices but more general inflation. More from Headlight.News.