General Motors reported a 35% decline in net income for the second quarter of the year, much of that due to the new Trump tariffs which took a $1 billion bite, the automaker reported. More from Headlight.News.
Earnings and Financials
Plunging $2.7 Billion into the Red, Stellantis Expects Even Bigger Hit from Trump Tariffs Later This Year
Stellantis reported a preliminary loss of $2.7 billion for the first half of 2025 – and the second half is looking to be even worse, the automaker warned Monday, putting much of the blame on Pres. Donald Trump’s automotive tariffs. Add program cuts and other issues and it creates some big challenges for new CEO Antonio Filosa. More from Headlight.News.
The New Subaru Uncharted Really is Entering Uncharted Territory
Facing an assortment of new tariffs and an assortment of anti-EV policies, the new Subaru Uncharted faces serious challenges the automaker couldn’t have imagined when the project was first launched. But Subaru does have some advantages: buyers more open to EVs than at many other brands. More from Headlight.News.
Faraday Has a Future? Troubled Start-Up Reveals “Affordable” EV, Sets Production Date
Faraday Future is the automotive equivalent of a death-defying cat. It apparently has at least one life left, announcing plans for yet another new project set to go on sale next year. This time it says it’s rolling out an all-electric “affordable mass market MPV.” And it has a talking grille. More on that from Headlight.News.
Automakers Will Face No Fines for Missing Mileage Targets – and it Wil Cost Tesla Billions
Detroit’s Big Three automakers are among those cheering the Trump administrations decision to end penalties for missing federal fuel economy mandates. Not so Tesla, however. The automaker stands to lose billions of dollars in revenues earned selling mileage credits. Headlight.News explains.
Yet Another Major Ford Recall, This Time for Risk of Fire Involving 700,000 SUVs
It’s been a bad year for Ford Motor Co. – and, in this case, that’s bad for customers who have had to cope with a record flood of recalls. Add to the list another one announced Tuesday covering nearly 700,000 recent SUVs at risk of catching fire. For Ford, the service action will result in a $570 million charge to earnings. More from Headlight.News.
Nissan Shutting Flagship Factory in Japan; One of 10 to Close in Recovery Bid
Nissan will close its flagship Oppama Plant by March 2028, the automaker announced Tuesday, as it begins the process of paring back production in a bid to survive. The Re:Nissan recovery plan eventually will see seven of 17 Nissan assembly plants shut down, with 20,000 jobs eliminated. More from Headlight.News.
Plugged In: EVs Help Cadillac Deliver Best Sales in Years
Cadillac is ready to carry on without EVs without tax credits as it conquers new territory in the luxury segment with a rebuilt and re-tooled line-up. It’s expanding line-up of EVs is proving particularly appealing to younger buyers, says its brand boss. Headlight.News has more.
Your Next Vehicle Could Cost Thousands More as Trump Announces New Tariff on Copper
New vehicle prices are already rising an average $2,000 due to Trump tariffs. They could be hit with another big increase as the president readies a 50% tariff on the miles of copper found in today’s automobiles. Headlight.News has more.
Tesla Sales, Stock Face New Backlash as CEO Musk Launches New Political Party
The battle between Elon Musk and Pres. Donald Trump has rapidly escalated as the Tesla CEO lays out plans to launch a new political party. But the Texas-based automaker is already suffering collateral damage. Days after Tesla announced another sharp decline in sales for the second quarter, the automaker’s stock price is taking a sharp hit as investors race for the exit. More from Headlight.News.
Tesla Stock Tumbles as Musk, Trump Feud Reignites, Sales Slide
After seemingly declaring a truce last month, Tesla CEO Elon Musk and Pres. Donald Trump went after each other again on Monday, the president threatening to trash federal subsidies for Tesla and SpaceX. It didn’t help the automaker’s stock as analysts warned of a sharp downturn in sales when Tesla reveals its second-quarter results on Wednesday. More from Headlight.News.
Chinese Automakers Pose a Growing Risk – But So Do Tariffs and a Shortage of Skilled Workers, Warns Ford CEO Farley
Chinese domestic automakers are becoming a major threat as they gain acceptance around the world with new, low-cost products, Ford CEO Jim Farley warns. But that’s not the only challenge facing Ford and other traditional manufacturers – particularly those in the U.S. There are Trump’s tariffs, for one thing, as well as a shortage of the skilled workers automakers depend on. More from Headlight.News.