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.
Georgia politicians can now breathe easier as Rivian’s plans to build an electric vehicle production plant about an hour north of Atlanta appear to be back on track. The California-based EV maker secured a $6.6 billion loan from the Department of Energy to build the plant, which was put on hold earlier this year. The loan comes in addition to $1.5 billion in state incentives already granted. Details at Headlight.News.
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.
President-elect Donald Trump named Sean Duffy as his choice to lead the U.S. Department of Transportation. Duffy is a former U.S. Congressman from Wisconsin, and he is the second selection plucked from Fox News. Get details at Headlight.News.
Wondering what influence Tesla CEO Elon Musk may be having within the newly elected Trump administration? The incoming leaders of the U.S. Department of Transportation are readying to loosen the rules for self-driving vehicles, which would include Tesla’s Full Self-Driving technology. Get details at Headlight.News.
Less than a week after federal safety regulators hit Ford with one of the largest fines in automotive history, the National Highway Traffic Safety Administration has launched two new investigations into the way the automaker has handled some recent recalls.
If anyone hoped that Tesla CEO Elon Musk being named to President-elect Donald Trump’s staff might mean a reprieve for the tax credits created during the Biden administration — guess again. Those credits are as good as gone. Find out more at Headlight.News.
José Muñoz will become global chief executive officer of Hyundai Motor Co. on Jan. 1. It will mark the first time a non-Korean will move into that leadership position — and comes at a critical time for what has become one of the world’s largest automakers.
Ford agreed to pay one of the largest fines in automotive history for dragging its feet on a 2020 recall covering 700,000 vehicles while also failing to give federal regulators timely information. It’s the latest in a costly series of quality and safety problems impacting Detroit’s second-largest automaker.
Lucid Motors offered up a specially outfitted Lucid Air to the California Highway Patrol. The department is looking at different vehicles to fit its various needs, and Lucid is the latest to slap a police livery on one of its vehicles to see if it can cut the mustard. Tesla and Ford have done the same in recent months. Get details at Headlight.News.
The 2024 election cost organized labor — especially the UAW — influence in Washington, D.C. It also handed an old foe, Tesla CEO Elon Musk, more sway over industry and labor in the new administration. Get the story at Headlight.News.
Bait-and-switch, hidden fees and other dealer scams could proliferate under the incoming administration of Donald Trump, experts warn, as the president-elect signals plans to eliminate or scale back various consumer protection rules.