General Motors will stop producing the Chevrolet Blazer come year-end, sources tell Headlight.News. The automaker will instead shift focus to the all-electric version, the Chevy Blazer EV.
Earnings and Financials
Trump Moves to Halt Public EV Charger Rollout – But Tesla Could Be Among Those Impacted
Pres. Donald Trump’s administration ordered a halt to a Biden-era program meant to provide $5 billion in funding for a nationwide network of EV charging stations. It’s the latest step by the White House to curtail EV adoption. But this program could hurt one of the most powerful men in Trump’s inner circle, Tesla CEO Elon Musk, who also runs the new Department of Government Efficiency.
Ford Reports Record Full-Year Revenue with “Solid” Q4 Results
Ford turned around its fourth-quarter earnings, moving from a loss to $1.8 billion in net income, pushing the company to a new benchmark for full-year revenue of $185 billion. The automaker also forecast lower earnings for 2025. Get details at Headlight.News.
As Tesla Sales Nosedive in California and Europe, is The “Musk Effect” to Blame?
Is it the “Musk Factor” at play? Industry analysts say a growing backlash aimed at Tesla CEO Elon Musk is clearly responsible for the carmaker’s sliding sales and market share in the key EV market of California, as well as in Europe. But that only complicates the challenges the automaker is facing from growing competition from both traditional automakers like Hyundai, GM and Ford, as well as th increasingly aggressive Chinese brands. More from Headlight.News.
Trump Tariffs Threaten Auto Industry’s Vast Manufacturing System and Could Mean a Big Hit for Buyers
Pres. Donald Trump has warned he may announce tariffs of up to 25% against two major trade partners, Canada and Mexico, as early as Saturday, February 1. Additional tariffs targeting China may also be announced. The potential impact could be felt far and wide — especially in the auto industry, with manufacturers facing a threat to profits and consumers facing the risk of higher prices. Some familiar vehicles could also disappear from the market, especially entry-level models.
Toyota Again Tops Global Sales Charts
Toyota Motor Corp. remains the world’s best-selling automaker, having edged out competitors including Volkswagen, Hyundai Motor Group and the Renault-Nissan-Mitsubishi Alliance. But the Japanese giant still recorded a 3.7% decline in sales during 2024. How did other competitors do? More from Headlight.News.
VW Pulls the Plug on U.S. Version of the ID.7 EV
Volkswagen is the latest automaker to back off on its EV roll-out. The automaker told Headlight.News that “due to the ongoing challenging EV market” it has scrapped plans to introduce the ID.7 sedan to the U.S. market – though it will continue to be offered in Europe, China and a number of other markets.
Tesla Earnings Miss Targets, Stock Rallies on Future Promises
After reporting its first-ever year-over-year sales decline, Tesla Inc. fell short Wall Street analysts’ expectations, but after-hours investors seemed happy with the overall message from the EV maker, pushing the stock up in post-bell trading. Get details at Headlight.News.
GM Stock Plummets Despite Beating Wall Street Targets
General Motors finished 2024 strong. It beat analysts’ estimates for nearly every metric they examine. So why is the Detroit-based automaker watching its stock slide nearly 10% in the wake of all that positive news? Ignoring the obvious. Get details at Headlight.News.
Jeep Boss Intends to “Grow the Brand Back”
Jeep is making one of the riskiest moves in its storied history, rolling out its first global EV, the Wagoneer S. It will be followed by a flood of new models this coming year, part of a push by the off-road marque to “grow the brand back” after several unexpectedly disappointing years. Headlight.News looks at what Jeep has coming and how it will face its ongoing challenges.
Infiniti Makes it Official: Here’s What Models are Coming…and Going
As Headlight.News first reported, Infiniti will drop its two base SUVs as it restructures its product line-up and business model. But it will add its first EVs and some other new products. Here’s the complete story, now made official as the automaker meets with its dealers to outline the new program.
Exclusive: Infiniti to Tell Dealers It’s Downsizing Current Line-Up – But Adding Two New EVs
Struggling to counter an ongoing decline in sales, Infiniti has downsized its dealer operations and scaled up incentives. Now, as retailers gather in New Orleans for the annual National Automobile Dealers Assoc. convention, the luxury brand is set to reveal major changes in its product strategy. Among other things, at least two familiar product lines will end their run while Infiniti prepares to add its first all-electric models.