The growth of the EV market has clearly slowed this year, General Motors President Mark Reuss said during a media confab, but sales are still on the rise and GM continues planning to gain ground, even as it delays some product launches. A critical step will be driving down prices, even as profitability improves, said Reuss, who oversees GM’s product development efforts.
EV maker Rivian beat its second quarter earnings estimates, but more importantly predicted it would be in the black for the first time ever in the final quarter of 2024. A series of cost cutting measures and changes to the way the company sells vehicles combined to make the second quarter a good one. Find out more at Headlight.News.
Donald Trump has pulled a U-turn and now says he is now “totally” in favor of EVs. The Republican nominee for president said he had “no choice” but to rethink his position after previously bashing battery-electric vehicles now that Tesla CEO Elon Musk has become one of Trump’s biggest financial backers in an increasingly tough campaign.
EV maker Lucid Motors offered up good news during its second quarter earnings call as it secured as much as $1.5 billion in new cash just in time to begin production of its second vehicle, the Gravity SUV. The company also managed to beat analysts’ estimates for the quarter. Find out more at Headlight.News.
Online retailing will generate over $1.2 billion in revenues this year. And whether you’re buying from Amazon, WalMart, Target or countless other Internet retailers your package is likely to will make it to your doorstep in a delivery van. Increasingly, those vans are going electric as fleet operators seek low-cost solutions. Now, Ram is getting into the game with the new ProMaster EV. Headlight.News had a chance to take the rig for a run – without having to make any delivery stops.
Even as its sales start to slide, Tesla is coming under increasing fire from competitors who hope to chip away at its market share which still dominates the EV market. And Mercedes-Benz is taking aim at Tesla’s best-seller with an all-new, battery-powered version of its compact CLA model set to debut next year.
As EV sales growth slows, automakers are looking for other ways to reduce emissions without turning off potential buyers. That’s led to a wave of new plug-in hybrids coming to market – and to a surge in demand for PHEVs which grew 50% globally during the first five months of the year. But will they continue to outpace all-electric models? That’s a matter of debate.
German automaker Audi revealed the A6 e-tron as well as the performance-oriented variant, the S6. The brand will bring three versions of the vehicle to the U.S., electing to not bring its Avant models to American roads. Get details about the newest e-tron offering at Headlight.News.
The Blazer name has had a long history at Chevrolet. In its newest incarnation it offers a sign of the direction the bowtie brand plans to take in an electrified automotive market. But does it live up expectations? Jeff Zurschmiede spent a week with the new Chevy Blazer EV to find out.
It may be the smallest pickup in Ford’s North American line-up but the Maverick has been a big success since its launch three years ago. And Ford hopes to keep the momentum going with the 2025 update of the compact truck by adding an all-wheel-drive version of the Maverick hybrid, as well as an assortment of new tech features.
EV maker Tesla Inc. announced plans to recall 1.85 million vehicles due to a problem with hood latch. The issue is software related so it will be resolved with an over-the-air update. To get more details, go to Headlight.News.
While Fisker Inc. may be heading to the junkyard in the sky, there’s new life to founder Henrik Fisker’s earlier automotive start-up. Now owned by the Chinese and renamed Karma Automotive, it will show there can be life after death by unveiling two new models at the Pebble Beach Concours d’Elegance next month. And they are meant to channel the ghosts of several other one-time automotive greats, including luxury brands Pierce-Arrow and Duesenberg.