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.
Green Power
Instant Karma: EV Maker Set to Unveil Two New Models at Pebble Beach
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.
Kawasaki Unveils Hydrogen Powered HySE Motorcycle
Japanese motorcycle manufacturer Kawasaki previews a new avenue for the internal combustion engine with the unveiling of the experimental HySE hydrogen motorcycle. The prototype shows how Kawasaki is exploring ways to maintain the ICE engine as the race for electrification picks up steam in the motorcycle market.
Tesla’s Trade Secret Lawsuit Against Rivian Heading to Court
It will be up to a California court to determine the outcome of a long-running suit pitting two EV manufacturers, Tesla and Rivian. The bigger of the two has accused its rival of stealing trade secrets and a judge has ruled the case will have to go to trial after Rivian filed to get it dismissed earlier this week.
Ford Earnings Fall Short – Sending Investors Scrambling
It wasn’t expected to be a good quarter for Ford Motor Co. Even then, the automaker’s second-quarter earnings managed to fall short of Wall Street’s expectations. That sent Ford shares tumbling by 11%, even though company leaders tried to assure investors they’re “on track” to deliver a full-year profit. More from Headlight.News.
Investors Unhappy with Tesla’s Results, Musk’s Explanation
Tesla’s second quarter results reflected the tough times the EV maker’s experiencing now that there is more competition and other issues impacting sales. While the company’s overall revenue rise slightly, its net income and automotive operations revenue took massive hits. Moreover, CEO Elon Musk doesn’t seem too bothered by the numbers. Get details at Headlight.News.
EVs Are Twice as Energy-Efficient as Gas Vehicles
Battery-electric vehicles use half as much energy to run a given distance as do vehicles powered by gasoline, according to a new study by Yale University. And the cleaner and more efficient the source of electricity used to charge a vehicle the better the equation gets.
Tesla Takes a Q2 Hit Due to Automotive Business
EV maker Tesla reported its overall revenue increased slightly in the second quarter, but it wasn’t because of its automotive operations, which fell 7%. The company reported net income and adjusted earnings were down year-over-year as well. Get the details at Headlight.News.
GM Spreading Good News with Q2 Earnings Results
General Motors officials offered good news with the company’s second quarter earnings report, with revenue and profits up for the quarter as well as the first half of the year. In fact, the results were good enough for the company to revise its full-year earnings expectations upward. Find out more at Headlight.News.
Cadillac Continues Bespoke Car Crawl with Sollei Concept
Not long after it was founded, Cadillac adopted the slogan, “Standard of the World.” Many decades late, the luxury marque appears to be looking to be that once again. The brand’s latest effort, the Sollei Concept, reflects the company’s commitment to being the best of the best. Get the full story at Headlight.News.
Feds Launch Probe of Jeep, Ram Models Over Engine Stalling Problems
Federal investigators have launched a probe of 150,000 Stellantis vehicles after receiving numerous reports that their mild hybrid engines can unexpectedly stall out. In some cases, owners find it difficult to then restart the vehicles. More from Headlight.News.
Want a Brand New EV For Just $14,000? There’s Just One Catch
The high cost of today’s EVs has slowed demand. But there’s one model now priced at just $14,000, making it one of the lowest-priced vehicles on the market. But there is one catch: those 3,000 Fisker Ocean SUVs are being liquidated as part of the automaker’s bankruptcy. Whether you’ll be able to get parts and service going forward is far from certain.