Aston Martin confirms it will miss its 2024 sales goal as the British sportscar maker continues to struggle with financial woes and a rocky future as it prepares to launch an all-new lineup of vehicles.
Executives
Back in the News: Court Orders Carlos Ghosn to Return Super-Yacht and $32 Million to Nissan
Nissan showed its former CEO who’s “The Boss” as it won a battle in court ordering Carlos Ghosn to return a 121-foot yacht of that name, along with $32 million in damages. That’s the latest twist in a battle that began when the executive was arrested for alleged financial crimes in 2018.
Stellantis Set to Launch Layoffs Next Month — Even as it Faces Strike Threat
Stellantis Plans to lay off hundreds of full-time and seasonal employees starting October 1 as it enters “full execution mode” aimed at coping with slumping sales and earnings. But the cuts could lead to further friction even as members of the United Auto Workers Union vote on whether to authorize a strike at the Euro-American automaker.
Stellantis CEO Tavares May Be on His Way Out
Once one of the most respected executives in the auto industry, CEO Carlos Tavares is coming under withering fire from investors, dealers and employees as the company’s fortunes fade – especially in North America, its most profitable region. With his contract set to expire early next year, the automaker is considering whether it’s time for a management shake-up.
Legendary Auto Journalist David C. Smith — Mr. Automotive — Dead at 93
Automotive journalism has been filled with men and women who were memorable for their dedication to their craft as well as their colorful personalities. David Smith fits that description or perhaps, the description fits Dave. A mentor to scores of reporters and editors for decades, Smith died Thursday. He was 93. Read more at Headlight.News.
Jeep Cuts Gladiator Pricing Amid Ongoing Sales Slump
Jeep, along with Ram, are Stellantis’ cash cows, providing the funding for brands that, if not on life support, don’t realize nearly the profits that these American powerhouse brands bring. So, you have to wonder: What took Stellantis so long to realize that Jeep had issues — major issues. Find out more at Headlight.News.
Stellantis, UAW Square Off Over Commitments Made During Strike
Stellantis product plans are in flux, leading to an increasingly bitter dispute with the United Auto Workers. The union is demanding the company honor commitments made during contract negotiations last year. The dispute could threaten in launch of the Ramcharger planned for early next year. Find out more at Headlight.News.
Is Musk’s Political Shift Hurting Tesla?
As the CEO of Tesla and an outspoken advocate of green technology, Elon Musk developed a large and loyal fanbase and was frequently credited as a major force helping to build demand for the automaker’s EVs. But things have changed over the nearly two years since Musk purchased what was then Twitter and began a visible shift towards the political right. That’s changed perceptions of the South African-born Musk for many former fans. But is that costing Tesla sales? Headlight.News has this story.
GM Announces Potentially Far-Reaching Collaboration with Hyundai
General Motors have inked a Memorandum of Understanding, a preliminary agreement that could lead to joint work on everything from hydrogen fuel-cells to the development and production of new gas and battery-powered vehicles. But the MoU raises questions about the future of GM’s current relationship with Japanese automaker Honda.
Stellantis Defensive After Dealers Urgently Voice Their Concerns As Sales Tank
Prominent Jeep and Ram dealers are increasing pressure on Stellantis executives to boost sales in the United States in the wake of a substantial market-share decline.
Lucid Teases Tesla Model Y Fighter
After talking up its next vehicle in its lineup, Lucid Motors revealed a teaser of what will follow the Gravity. Officials say the new model, which will hit the streets in late 2026, aims to compete with the Tesla Model Y. Get details at Headlight.News.
Chrysler Descendant Wants to Keep Brands All in the Family
Since the formation of Stellantis a few years ago, speculation about what will happen with the low-selling, but still-iconic Chrysler brand has run rampant. Officials, led by CEO Carlos Tavares, assured there were plans for Chrysler. However, time has passed with just one product left, the Chrysler Pacifica minivan, and now someone wants to resurrect the brand: Walter P. Chrysler’s great-grandson. Find out more at Headlight.News.