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Earnings and Financials

Stellantis Suffers Another Revenue Slide – Joins Automakers Suspending Forecasts Due to Trump Tariffs

Stellantis Suffers Another Revenue Slide – Joins Automakers Suspending Forecasts Due to Trump Tariffs

Stellantis reported Wednesday a 14% slide in revenues for the first quarter. The Euro-American automaker had previously forecast a turnaround later in the year but said during a webcast it was suspending future guidance in the face of Pres. Trump’s new auto tariffs. It joins GM and Mercedes in warning that sales and earnings could be at risk. More from Headlight.News.

Trump Says Tariffs Will Bring More Auto Jobs – While Offering Automakers Tariff Relief

Trump Says Tariffs Will Bring More Auto Jobs – While Offering Automakers Tariff Relief

Protestors and proponents alike turned out during a visit by President Donald Trump to suburban Detroit. The president promised tariffs will lead to more good-paying jobs in the United States and an economic boom in the future. But he also announced steps providing tariff relief as automakers prepare for the possibility of a sharp slump in sales and earnings — as well as job cuts — in the months ahead.

GM Q1 Earnings Fall, Company Delays Comments Due to Trump’s Tariff Changes

GM Q1 Earnings Fall, Company Delays Comments Due to Trump’s Tariff Changes

General Motors saw its first quarter revenue rise 2.3%, but its adjusted earnings and net income declined. The company’s top leaders delayed a call with investors, analysts and the media about the quarter due to President Donald Trump’s decision to ease tariffs. Officials will talk Thursday morning about the results and the potential impact of the president’s move. Get details at Headlight.News.

Bye-Bye Buick? Trump Tariffs Could Kill this GM Brand

Bye-Bye Buick? Trump Tariffs Could Kill this GM Brand

Carmakers are scrambling to adapt to the tariffs Pres. Donald Trump has enacted, U.S. new vehicle sales estimated to drop as much as 2 million this year due to higher prices. But no brand is as vulnerable as Buick. That’s because the vast majority of the General Motors brand’s products are imported from South Korea and China.

Slate’s New Pickup To Start at “Under $20,000” – But Are Americans Ready to Return to the Days of Hand-Cranked Windows?

Slate’s New Pickup To Start at “Under $20,000” – But Are Americans Ready to Return to the Days of Hand-Cranked Windows?

A low-profile start-up quietly backed by Amazon founder Jeff Bezos has suddenly burst into the headlines, Dubbed Slate Auto, the Michigan-based automaker rolled out an all-electric pickup Thursday night that, it said, will go on sale in late 2026 for “under $20,000.” But rather than delivering another high-tech wonder, the Slate pickup draws its inspiration from a low-tech past. Will Americans embrace an EV with crank-up windows and no infotainment screen? Headlight.News has more.

Backed By Amazon Money, the Era of the Affordable EV Has Arrived

Backed By Amazon Money, the Era of the Affordable EV Has Arrived

Millions of American motorists have been priced out of the new vehicle market, all the more so when it comes to EVs which currently average about $55,000 apiece. But Slate Auto, a new start-up backed by Amazon founder Jeff Bezos, is determined to change that equation. On Thursday, it gave the world a first look at a flexible new, all-electric pickup set to go on sale in 2026. Designed to be extremely customizable, it’s expected to start under $20,000 when you factor in federal EV tax credits. Headlight.News was there for the big debut.

Tesla’s Entry EV Now Slated to Launch Production in June

Tesla’s Entry EV Now Slated to Launch Production in June

Better late than never? Tesla has spent years debating whether to add a more affordable EV to its existing line-up. It’s finally moving forward and, despite yet another delay, will finally add the vehicle to its line-up in June. Details have yet to be released but it’s expected to be a stripped-down version of Model Y starting at less than $30,000 — with a low-priced take on the Model 3 likely to follow. But will this draw in entirely new buyers or cannibalize sales of Tesla’s existing line-up? More from Headlight.News.

Trump Signals U-Turn on Chinese Tariffs – Potentially Big News for Auto Industry

Trump Signals U-Turn on Chinese Tariffs – Potentially Big News for Auto Industry

President Trump signaled tariffs on Chinese imports would “come down substantially,” though no specifics have yet been released by the White House. The news had stock markets rallying and automakers hoping this could reduce their own burden, analysts previously warning that tariffs could cost the U.S. industry up to 2 million sales this year. But manufacturers are still facing big hits from tariffs on Mexican and Canadian-made autos and auto parts, reports Headlight.News.

Musk Says He’s Returning in a Month to Focus on Tesla

Musk Says He’s Returning in a Month to Focus on Tesla

Tesla CEO Elon Musk attempted to use the EV maker’s earnings calls to quell concerns about his work with the Trump administration. He plans to leave his day-to-day role at the Department of Government Efficiency in a month to focus on Tesla. Get details about Musk’s plans and Tesla at Headlight.News.

Tesla’s Q1 Earnings Fall Short of Wall Street Expectations

Tesla’s Q1 Earnings Fall Short of Wall Street Expectations

EV maker Tesla’s first-quarter earnings didn’t meet Wall Street expectations. Analysts predicted the company’s earnings would be flat on a year-over-year basis, but the company’s revenues were down 9%, and its adjusted earnings slid 17%. Find out more at Headlight.News.