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.
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.
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.
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 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.
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.
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.
Stellantis will reopen a now-shuttered assembly plant in Belvidere, Illinois, the company’s U.S. chief operating officer told employees in an e-mail. The factory will produce a new midsize Ram pickup, however, rather than the EV originally planned for the facility....
Chinese auto sales hit record levels last year – both at home and abroad. Automakers like BYD and Geely saw exports grow 400% since the beginning of the decade, making major inroads in markets like Europe and Latin America. For now, only a handful of Chinese vehicles are sold in the U.S., the Biden administration quadrupling tariffs last year. But a new study shows many American buyers eagerly hoping to see the market open up, with younger motorists particularly interested in Chinese vehicles.
With its quirky rounded exterior, Canoo caught the attention of plenty of potential electric vehicle buyers. However, the looks weren’t enough to translate to sales and profits. Canoo filed Chapter 7 bankruptcy. Get details at Headlight.News.
As of noon on Monday, the United States has a new president – and Donald Trump is expected to move quickly to implement an agenda calling for major changes in America’s domestic and foreign policies. The auto industry, in particular, could feel the impact of Trump’s agenda in a variety of ways: from foreign trade to EV and emissions policies. Here’s a closer look at what that might means.
Lexus is giving its RC and RC F sports coupes a “sonorous swan song,” finishing their run at the end of 2025. While the Japanese luxury brand does retain some passenger car models it mirrors the broader industry’s ongoing move to abandon passenger vehicles in favor of SUVs, CUVs and pickups.