After surging in the wake of last November’s presidential election, Tesla stock has gone into freefall since Donald Trump’s inauguration last month. A variety of factors, including slumping global sales linked to CEO Elon Musk’s increasingly tarnished reputation. His new $100 billion bid for OpenAI may add to investors’ worries, reports Headlight.News.
Despite efforts by automakers to improve their relationships with President Donald Trump prior to and immediately after he took office last month, they can’t seem to escape the impact of his trade policies, the latest being a 25% tariff on steel and aluminum imports into the U.S. Find out what’s happening at Headlight.News.
The Automotive Hall of Fame will add four new inductees this year recognizing “noteworthy individuals” who “helped shape” the automotive industry, motor sports world and retail market. The list includes an unusually diverse mix this year, ranging from the recently retired CEO of Daimler to the industry’s first woman test driver. Here’s a closer look.
Ford turned around its fourth-quarter earnings, moving from a loss to $1.8 billion in net income, pushing the company to a new benchmark for full-year revenue of $185 billion. The automaker also forecast lower earnings for 2025. Get details at Headlight.News.
Is it the “Musk Factor” at play? Industry analysts say a growing backlash aimed at Tesla CEO Elon Musk is clearly responsible for the carmaker’s sliding sales and market share in the key EV market of California, as well as in Europe. But that only complicates the challenges the automaker is facing from growing competition from both traditional automakers like Hyundai, GM and Ford, as well as th increasingly aggressive Chinese brands. More from Headlight.News.
Honda plans to roll out the first of three new battery-electric vehicles later this year. All will be built here in the U.S. But unlike some competitors setting up all-new, dedicated EV plants, these will be produced at existing Honda facilities in Ohio. To be able to adapt to changes in market demand, Honda has created what it calls an “EV Hub,” flexible enough to build gas, hybrid and battery-electric models on the same assembly line. Headlight.News has more.
Stellantis continued its quest to put the right executives in the right jobs, in the wake of former CEO Carlos Tavares’ early exit late last year. The biggest change was having current Americas Regions COO Antonio Filosa take on the role of global leadership of Quality. Filosa remains a candidate to succeed Tavares, as well. Get details at Headlight.News.
General Motors finished 2024 strong. It beat analysts’ estimates for nearly every metric they examine. So why is the Detroit-based automaker watching its stock slide nearly 10% in the wake of all that positive news? Ignoring the obvious. Get details at Headlight.News.
Jeep is making one of the riskiest moves in its storied history, rolling out its first global EV, the Wagoneer S. It will be followed by a flood of new models this coming year, part of a push by the off-road marque to “grow the brand back” after several unexpectedly disappointing years. Headlight.News looks at what Jeep has coming and how it will face its ongoing challenges.
In the time after U.S. voters chose a new president last November, what will happen to the U.S. auto industry has been the subject of conjecture with some going on instinct and others, like the Dave Cantin Group and Kaiser Associates, taking a more data-oriented approach. EVs grow, Korean makers gain, truck sales flatten are just some of what they suggest will happen this year. Get details at Headlight.News.
Stellantis will reopen a now-shuttered assembly plant in Belvidere, Illinois, the company’s U.S. chief operating officer told employees in an e-mail. The factory will produce a new midsize Ram pickup, however, rather than the EV originally planned for the facility....
Few in the auto industry can claim to have had as lasting a legacy as Hal Sperlich. The one-time engineer who eventually led product development at two of Detroit’s Big Three and shepherded the development of two iconic products: the Ford Mustang and the Chrysler minivan. Sperlich passed away Monday at the age of 95.