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Earnings and Financials

Porsche Unplugged: Backs Off Aggressive EV Plans in Favor of Hybrids, Plug-Ins

Porsche Unplugged: Backs Off Aggressive EV Plans in Favor of Hybrids, Plug-Ins

Porsche may be known for speed but when it comes to its plan to go all-electric it’s suddenly decided to slow down a bit. There are still more EVs coming but it’s decided to put more emphasis on hybrids and PHEVs, notably with a new high-end crossover in the works. Headlight.News has more on this costly change of direction.

Stellantis, BMW, JLR Targeted as Hackers Go After Deep-Pocket Automakers

Stellantis, BMW, JLR Targeted as Hackers Go After Deep-Pocket Automakers

Stellantis was targeted by hackers, it revealed over the weekend, the latest in an escalating series of cyberattacks aimed at deep-pocketed automakers and their suppliers. This month alone, BMW became a target of a potential ransomware attack while Jaguar Land Rover is still reeling from a cyberattack that has effectively shut down production for the past three weeks. More from Headlight.News.

Federal Reserve Rate Cut May Not Help Increasing Price-Sensitive Car Buyers

Federal Reserve Rate Cut May Not Help Increasing Price-Sensitive Car Buyers

Facing an uncertain economic environment that threatens to undermine demand for retail sales, including new vehicles, the Federal Reserve Board voted to cut interest rates. But it’s far from clear that will be enough to head off an automotive downturn worsened by anticipated tariff-driven price hikes. More from Headlight.News.

Hyundai Expanding Georgia Plant Hit by ICE Raid as Part of $55 Bn Global Investment Plan

Hyundai Expanding Georgia Plant Hit by ICE Raid as Part of $55 Bn Global Investment Plan

Hyundai plans to locally produce 80% of the vehicles it sells in the U.S., the automaker announced Thursday. As part of a $55 billion global investment program it will spend $2.7 billion to expand the electrified vehicle plant near Savannah, Georgia hit by an ICE raid two weeks ago, boosting its production capacity to 500,000 vehicles annually. More from Headlight.News.

Ford Set to Demolish “Glass House,” Move to New World Headquarters

Ford Set to Demolish “Glass House,” Move to New World Headquarters

Ford Motor Co. will move into a new world headquarters inside of its main product development campus a few miles away from its current corporate office building. In turn, Ford will tear down “Glass House,” the 12-story building that had served as its HQ for the last 70 years. More from Headlight.News.

Even as Detained Workers Return Home, Korean Companies Warn Employees in U.S. More ICE Raids Could Follow

Even as Detained Workers Return Home, Korean Companies Warn Employees in U.S. More ICE Raids Could Follow

Hundreds of South Korean workers detained by an ICE raid at a Hyundai battery plant in Georgia were returned home to cheers from family and government officials. But Korean companies are worried that more immigration raids will follow, throwing into chaos Korean-owned auto, shipbuilding, steel and electrical equipment operations across the U.S. Headlight.News has more.