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Executives

Judge Again Rejects Musk’s $56 Billion Pay Package

Judge Again Rejects Musk’s $56 Billion Pay Package

A Delaware judge has again rejected the $56 billion payout for Tesla CEO Elon Musk, even after shareholders voted to reinstate the package earlier this year. But even if the ruling is upheld, the South African-born entrepreneur and confident to President-elect Donald Trump is expected to remain the world’s richest man.

CEO Tavares’s Resignation Could Leave Struggling Stellantis Rudderless

CEO Tavares’s Resignation Could Leave Struggling Stellantis Rudderless

With CEO Carlos Tavares resigning “with immediate effect,” and no successor in sight, Stellantis could face even more trouble trying to resolve the problems that saw its sales, earnings — and stock price tumble so far this year. The lack of a chief executive officer also comes at a time when the Euro-American automaker is set to launch an assortment of critical new products, including the first all-electric Jeep and Ram models aimed at the U.S. market.

CEO Carlos Tavares Tenders his Resignation as Problems Grow for Stellantis

CEO Carlos Tavares Tenders his Resignation as Problems Grow for Stellantis

Stellantis CEO Carlos Tavares resigned unexpectedly on Sunday, the automaker saying “different views have emerged” in recent weeks as the Euro-American automaker struggled to come up with a way to reverse weakened sales and earnings. No immediate successor was named, though it appears that the automaker’s Chairman John Elkann effectively will take control until a replacement is named. This is a breaking story. Headlight.News will have a longer analysis shortly.

Tesla Could Lose Out on New California EV Tax Credits

Tesla Could Lose Out on New California EV Tax Credits

If the Trump administration moves forward with plans to end federal EV tax credits California Gov. Gavin Newsom plans to activate state rebates to help maintain the state’s role as the biggest market for battery-electric vehicles. But there’s a catch: the governor plans to initiate a market cap that would likely exclude the state’s best-selling EV brand: Tesla.

Tesla Strikes a Delicate Balance Between U.S., China – and Trump

Tesla Strikes a Delicate Balance Between U.S., China – and Trump

With its EV sales in Europe and the U.S. slowing, Tesla has become more dependent on sales in China. But the competition is fierce, and trade tensions could hamper Elon Musk’s ambitious future. Musk’s central role in the incoming Trump administration further complicates matters.

Live From LA!

Live From LA!

The 2024 LA Auto Show is now being turned over to the public, but not before scores of new vehicles — ICE and electric — made their debut in the City of Angels. Headlight.News went to Los Angeles to ensure we had the latest news from this year’s event. Check out the stories.

Job Cuts Growing as Automakers Fret About the Future

Job Cuts Growing as Automakers Fret About the Future

Automakers in the U.S., Europe and Japan have announced thousands of job cuts over the past month and there’s growing concern the pace could increase as the industry moves into an uncertain new year, with a new presidential administration in Washington threatening to upend automotive rules and regulations — and possibly the economy, as well. Check out the story at Headlight.News.

Si, Pablo Di Si is Out as VW Group of America CEO

Si, Pablo Di Si is Out as VW Group of America CEO

Pablo di Si unexpectedly stepped down as head of the Volkswagen Group of America and will be replaced by Rivian executive Kjell Gruner, the automaker announced Tuesday. The move comes at a critical time for VW which has been struggling to move its all-electric models in the U.S., even as it prepares to launch the all-new, all-electric Scout brand.