Auto exports from the U.S. to its northern neighbor have plunged in the wake of the Trump tariff war, Canada now importing more vehicles from Mexico for the first time in three decades.
Earnings and Financials
Ford v Slate: Will the Legacy Brand’s $30,000 Pickup Crush the Little Start-Up’s Own Affordable Pickup?
Ford’s plan to bring out a midsize $30,000 battery-electric pickup could be great news for buyers looking for an affordable EV. But it might be bad news for Slate, the suburban Detroit start-up that only recently announced plans to launch its own low-cost truck. More from Headlight.News.
Ford’s “Universal EV” Could Change Everything About Automaking – And Deliver a $30,000 EV Pickup
Ford will invest $5 billion to set up its “Universal EV” program – and, it claims, completely transform the way vehicles are designed, engineered and manufactured. The test will come with the 2027 launch of a new, all-electric midsize pickup, said CEO Jim Farley, with a “targeted price of $30,000.” But there could be a cost in terms of long-term automotive employment, reports Headlight.News.
Ford Pushes Back Replacement for F-150 Lightning, E-Transit Vans in Shift to Affordable EVs
As it shifts to a new generation of “affordable” EVs, Ford Motor Co. will delay two other battery-electric projects, including the next-generation F-150 Lightning pickup. It may also look at adding hybrids and other products to what was supposed to be the all-electric Blue Oval City manufacturing complex outside Memphis, reports Headlight.News.
GM, Hyundai Plan to Develop Five Vehicles Together
General Motors and Hyundai Motor Co. will jointly develop give vehicle, including an all-electric van, the two automakers revealed, marking the first concrete steps in an alliance announced last September. The program primarily will target the Latin American market where both automakers are struggling to beat back a push by emerging Chinese competitors. But the van will be sold in the U.S. More from Headlight.News.
Shareholders Sue Tesla, Musk Claiming They Hid Robotaxi Dangers
Tesla shareholders have filed a lawsuit accusing Tesla and CEO Elon Musk of securities fraud, claiming they hid the potential dangers associated with the company’s new robotaxis. The suit touched off a sharp slump in Tesla sales.
Jaguar Land Rover’s New CEO Has His Hands Full
Three years after his sudden promotion to CEO, Adrian Mardell is stepping down as Jaguar Land Rover CEO. His successor, P.B. Balaji inherits a much more financially sound company – but faces plenty of his own challenges.
Automakers Hold Back on Tariff Price Hikes – For Now
Pres. Donald Trump’s tariffs will add billions to the cost of manufacturing vehicles in the U.S., as well as importing products from abroad. So far, however, automakers have been reluctant to pass those higher costs onto consumers, fearing that could trigger a sharp downturn in demand. How long they can continue swallowing those higher costs remains to be seen. More from Headlight.News.
Auto Sales Up in July – But Show Signs of Slowdown as Tariffs Hit, Unemployment Climbs.
Automakers, especially Asian brands, posted healthy sales for July. But the pace is expected to slow as the economy turns sluggish from Trump’s tariffs and as unemployment begins to climb.
Chevy Teases Return of the Volt – But Will it Be America’s Most Affordable EV?
After a more than two-year absence, the Chevrolet Bolt will make its return next year, the bowtie brand now says. It will undergo a number of changes and is expected to get better range and performance. But the bigger question is whether it will maintain its position as the country’s most affordable battery-electric vehicle. More from Headlight.News.
Buyers Face Increasingly Tough Choices if They Want a New Vehicle
Trump’s tariffs are raising the prices of new vehicles and threatening the finances of buyers looking for a way to purchase, which are leaving them deeper in debt, new studies show.
Despite Record Revenue Numbers, Ford Takes Small Loss for Q2
Ford released its second-quarter earnings results, setting a new record with $50.2 billion in revenue, but it wasn’t enough to keep it out of the red. The company recorded a net loss of $36 million. Get the rest of the numbers at Headlight.News.