Ford is rethinking its commitment to battery-electric vehicles, at least in the near term, company officials revealed during an earnings call. It might seem a logical move considering the automaker lost about $37,000 on every EV it sold during the third quarter. But Ford is by no means the only automaker rethinking its commitment as growth in the electric vehicle market slows. Read the story at Headlight.News.
Ford turned around its Q3 earnings this year, finishing in the black compared to year-ago results; however, the newly minted tentative agreement with the UAW is tempering the any enthusiasm about the results. Headlight.News has details.
If you have “Tesla becomes an EV charging company” on your list of things to happen in 2023, cross it off: BP just placed an order for $100 million worth of “ultra-fast” chargers with Tesla. The chargers will hit the U.S. next year, reports Headlight.News.
Like its parent, Toyota, luxury brand Lexus has been slow to embrace EV technology. But that may be set to change, at least based on the LF-ZC and LF-ZL EV concepts unveiled at the Japan Mobility Show. The Lexus LF-ZC could be in production by 2026, with the LF-ZL hinting at an all-electric flagship that may follow. Both introduce next-gen battery technology capable of delivering over 600 miles range.
A Subaru sports car concept isn’t as far-fetched as you might think. Just check out the Subaru Sport Mobility Concept at Headlight.News.
It’s been more than two decades since we last saw a new Honda Prelude roll into dealer showrooms. But while the automaker is officially calling the coupe debuting at the Japan Mobility Show a “concept,” there’s good reason to believe it’s a thinly disguised prototype, with a production Honda Prelude to follow in electrified form.
Just about 18 months after announcing a $5 billion partnership to develop affordable electric vehicles, General Motors and Honda ended the deal. Find out what changed to cause the split at Headlight.News.
Toyota rolled out an all-electric pickup concept during the Japan Mobility Show. Sized slightly smaller than the automaker’s current, midsize Tacoma model, it offers a number of unique features, including a pass-through bed. Toyota hasn’t confirmed production plans but is widely expected to add an EV pickup as it ramps up its electrification program. Get details at Headlight.News.
It’s four years since the last Tokyo Motor Show took place, and even then, it was fading into obscurity. Organizers hope to give it a boost of adrenaline in an updated form — and with a new name. While foreign brands are largely absent, again, there’ll be lots happening at the new Japan Mobility Show as the nation’s automakers charge in with an assortment of all-electric concepts and production models.
Just how far an electric vehicle will actually travel on a full charge compared to what each EV maker claims is always up for debate. However, the U.S. Department of Justice appears to be taking a closer look at Tesla’s range claims. Get details at Headlight.News.
When the 2022 Ford Maverick went on sale and became a huge hit, you could hear the scrambling of competing automotive executives rushing to their design studios to come up with something similar. Of course, coming up with a new compact pickup takes years, and in the...
Sometimes you can’t wait for the day to end, and that’s probably the case for Tesla investors who watched the stock stumble since the automaker delivered a weak third-quarter earnings report, sending shares tumbling for two days in a row. Among those hardest hit, CEO Elon Musk whose own holdings have now lost more than $20 billion in value.