While Nissan is launching a third-generation Leaf for 2026, the Japanese automaker has decided to drop its other battery-electric vehicle, the Ariya, for the 2026 model year. More from Headlight. News.
Earnings and Financials
Federal Reserve Rate Cut May Not Help Increasing Price-Sensitive Car Buyers
Facing an uncertain economic environment that threatens to undermine demand for retail sales, including new vehicles, the Federal Reserve Board voted to cut interest rates. But it’s far from clear that will be enough to head off an automotive downturn worsened by anticipated tariff-driven price hikes. More from Headlight.News.
Hyundai Expanding Georgia Plant Hit by ICE Raid as Part of $55 Bn Global Investment Plan
Hyundai plans to locally produce 80% of the vehicles it sells in the U.S., the automaker announced Thursday. As part of a $55 billion global investment program it will spend $2.7 billion to expand the electrified vehicle plant near Savannah, Georgia hit by an ICE raid two weeks ago, boosting its production capacity to 500,000 vehicles annually. More from Headlight.News.
Ford Set to Demolish “Glass House,” Move to New World Headquarters
Ford Motor Co. will move into a new world headquarters inside of its main product development campus a few miles away from its current corporate office building. In turn, Ford will tear down “Glass House,” the 12-story building that had served as its HQ for the last 70 years. More from Headlight.News.
Toyota Will Build 2 New EVs at Kentucky Plant
Toyota plans to introduce all-electric versions of two familiar SUVs, the RAV4 and Land Cruiser, according to a new report, with both set to be assembled at the automaker’s plant in Georgetown, Kentucky. More from Headlight.News.
Even as Detained Workers Return Home, Korean Companies Warn Employees in U.S. More ICE Raids Could Follow
Hundreds of South Korean workers detained by an ICE raid at a Hyundai battery plant in Georgia were returned home to cheers from family and government officials. But Korean companies are worried that more immigration raids will follow, throwing into chaos Korean-owned auto, shipbuilding, steel and electrical equipment operations across the U.S. Headlight.News has more.
Yet again? Ford Recalls 1.9 Million Vehicles Due to Faulty Rearview Cameras – And More Could Follow
Another day, another big Ford recall, it seems, the automaker now announcing it needs to fix faulty rearview cameras in about 1.9 million vehicles. It’s the second time this problem has cropped up recently – and now brings the total number of recalls involving Ford products to well over 100 this year. Headlight.News has more.
Get Ready, Get Set. Ford Introduces New Global Media Campaign
In a fast-changing automotive world, even the biggest brands have no guarantee they can survive indefinitely. That’s led Ford to launch its first global marketing campaign in a decade. But what’s the “Ready Set Ford” big buck project trying to achieve? Headlight.News has the story.
BMW Plans 40 Models Off Neue Klasse Platform by 2027
The new BMW iX3 is the first all-electric model based on the automaker’s Neue Klasse platform – but it won’t be the last. The Bavarian automaker’s CEO said Monday that 40 new and updated products using the “new class” technology will roll out over the next two years. Up next: the i3, an all-electric version of the 3-Series, reports Headlight.News.
ICE Takes 100s of Workers Into Custody at Hyundai Battery Plant
Hundreds of employees of LG Energy Solution, a South Korean battery maker, were taken into custody in an immigration raid at a Hyundai plant being built outside Savannah, Georgia, officials from both ICE and the South Korea’s Foreign Ministry have confirmed.
Tesla Board Wants to Give CEO Elon Musk a $1 Trillion Pay Package
He’s already the richest man in the world but the Tesla board of directors has proposed a new $1 trillion pay package that would put CEO Elon Musk’s wealth nearly on a par with the market capitalization of some of the world’s most exclusive companies. Headlight.News has more.
GM Slashes EV Production at Factory Zero as Sales Slide
Workers at General Motors’ Factory Zero will get an extended Labor Day holiday, the company said, in order to make “temporary adjustments to production,” reflecting slowing demand for some of the automaker’s biggest battery-electric vehicles including the GMC Hummer and Chevrolet Silverado EV. More from Headlight.News.