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Earnings and Financials

Race Cars, Rockets and the New Acura RSX: Honda R&D Marks 50 Years in LA

Race Cars, Rockets and the New Acura RSX: Honda R&D Marks 50 Years in LA

Like its Japanese rivals, Honda Motor Co. struggled to understand how to grow in the U.S. market, a challenge that led it to set up a small research and development center in Los Angeles in 1975. A half-century later the automaker operates 21 separate R&D facilities across the U.S. where its designers and engineers are working on everything from race cars to rockets, along with some significant new vehicle programs. Headlight.News dropped into the main facility in the LA suburb of Torrance to check out what’s in the works.

Trump Administration Set to Roll Back Fuel Economy Standards

Trump Administration Set to Roll Back Fuel Economy Standards

The Trump administration has invited executives from the three Detroit automakers to be on hand at the White House today as details on the rollback of current corporate average fuel economy standards are announced. It’s the latest move by the president to back off of automotive emissions and safety standards set during the prior Biden administration. More from Headlight.News.

November Vehicle Sales Hit by Rising Prices, Growing Consumer Pushback

November Vehicle Sales Hit by Rising Prices, Growing Consumer Pushback

Sales of new vehicles turned downright sluggish in November amidst consumer resistance to increased prices and worsening fears about the economy. The end of EV incentives worsened the slide – though demand for hybrids continued to grow, as Headlight.News reports.

GM Permanently Laying Off Over 1,100 at Detroit EV Plant

GM Permanently Laying Off Over 1,100 at Detroit EV Plant

General Motors will lay off 1,140 workers at Factory Zero, its Detroit battery-electric assembly plant due to weak demand for products like the GMC Hummer EV and Chevrolet Silverado EV. The automaker also is facing pressure from Canadian authorities to come up with an alternative plan for an Ontario plant where it is ending production of all-electric Bright Drop vans. More from Headlight.News.

Waymo Launches Next Big Step for Robotaxis with First Intercity Service; Tesla Falls Further Behind

Waymo Launches Next Big Step for Robotaxis with First Intercity Service; Tesla Falls Further Behind

Waymo says it knows the way to San Jose as it puts driverless taxis on the freeway in Silicon Valley. The initiative beat out arch-rival Tesla, which just promised to pay Elon Musk billions to expand its robotaxi business. Headlight.News has more.

GM Tells Suppliers to Stop Sourcing Parts from China

GM Tells Suppliers to Stop Sourcing Parts from China

As trade friction grows, General Motors wants its suppliers to stop sourcing parts and raw materials from China by 2027, according to a new report, though meeting that deadline could be challenging considering the way the global network has been set up over the last few decades. More from Headlight.News.

Shareholders Approve Musk’s Trillion-Dollar Payday

Shareholders Approve Musk’s Trillion-Dollar Payday

Bedazzled shareholders approved Tesla CEO Elon Musk’s proposed $1 trillion pay package. But to collect he faces major challenges. Musk has to turn around Tesla’s faltering automotive business at a time when EV sales are sagging, while also proving his vision of robotaxis, robots and AI can add new sources of revenue for the Texas-based company. More from Headlight.News.

Already on Hold, Ford May Scrap F-150 Lightning Production Entirely

Already on Hold, Ford May Scrap F-150 Lightning Production Entirely

Sales have never lived up to expectation for the Ford F-150 Lightning, one of the market’s first all-electric pickups. The automaker idled production last month due to a shortage of aluminum and officials there reportedly are considering whether to scrap the nameplate entirely. Headlight.News has more.