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GM Turns Q3 Profit Despite $1.6B Charge Resulting from EV Plans

GM Turns Q3 Profit Despite $1.6B Charge Resulting from EV Plans

General Motors looked to be the leader in the electric vehicle market by investing heavily in the segment, and that push crimped its Q3 earnings numbers as it took a $1.6 billion charge to offset investments in its EV operations during the period. However, the company still reported a profit, and investors are happy. Get details at Headlight.News.

Slowing Sales Means We Won’t Be Seeing These EVs in the U.S.

Slowing Sales Means We Won’t Be Seeing These EVs in the U.S.

Ferrari on Thursday revealed details about its first battery-powered model, the Elettrica. But the Italian automaker is delaying a second EV. And it’s not alone. Ford has scrapped several all-electric models, while Nissan pulled the plug on the 2026 Ariya. Acura just ended production of the ZDX and Stellantis has abandoned the all-electric Ram REV. Those are among a growing list of planned EVs that no longer will make it into production — or will be substantially delayed. Here are some of the others.

Automakers Come Up With Their Own EV Deals to Offset Lost Federal Tax Credits

Automakers Come Up With Their Own EV Deals to Offset Lost Federal Tax Credits

While federal EV tax credits expired on September 30, automakers hope to maintain sales momentum – or, at the least, head off a threatened slump – with makers like Hyundai, GM and Ford coming up with deals of their own, including big price cuts and incentives matching the lost federal tax credits. They could help boost demand, according to a new Harris poll. More from Headlight.News.

Headlight News Podcast for the Week of 9-29-25

Headlight News Podcast for the Week of 9-29-25

On this week’s podcast, we talk about the $2B hack of Jaguar Land Rover, the rise of new vehicle prices as automakers stop covering all the costs of the tariffs, the end of the $7,500 federal EV tax credit, increasing road rage incidents and more. You can get a link at Headlight.News or go straight to Spotify.

Federal Reserve Rate Cut May Not Help Increasing Price-Sensitive Car Buyers

Federal Reserve Rate Cut May Not Help Increasing Price-Sensitive Car Buyers

Facing an uncertain economic environment that threatens to undermine demand for retail sales, including new vehicles, the Federal Reserve Board voted to cut interest rates. But it’s far from clear that will be enough to head off an automotive downturn worsened by anticipated tariff-driven price hikes. More from Headlight.News.

Even as Detained Workers Return Home, Korean Companies Warn Employees in U.S. More ICE Raids Could Follow

Even as Detained Workers Return Home, Korean Companies Warn Employees in U.S. More ICE Raids Could Follow

Hundreds of South Korean workers detained by an ICE raid at a Hyundai battery plant in Georgia were returned home to cheers from family and government officials. But Korean companies are worried that more immigration raids will follow, throwing into chaos Korean-owned auto, shipbuilding, steel and electrical equipment operations across the U.S. Headlight.News has more.

Yet again? Ford Recalls 1.9 Million Vehicles Due to Faulty Rearview Cameras – And More Could Follow

Yet again? Ford Recalls 1.9 Million Vehicles Due to Faulty Rearview Cameras – And More Could Follow

Another day, another big Ford recall, it seems, the automaker now announcing it needs to fix faulty rearview cameras in about 1.9 million vehicles. It’s the second time this problem has cropped up recently – and now brings the total number of recalls involving Ford products to well over 100 this year. Headlight.News has more.

Hyundai Plant ICE Raid Kicks Off Diplomat Incident

Hyundai Plant ICE Raid Kicks Off Diplomat Incident

South Korea’s foreign minister headed to the U.S. Monday morning to move forward with plans to release hundreds of South Korean nationals arrested last week while working on the construction of a $7.6 billion Hyundai battery plant in Georgia. The move came just days after the Korean carmaker upped investment plans for the U.S. to $26 billion — and threatens to chill relations between the U.S. and one of its staunchest allies. Headlight.News has more.

ICE Takes 100s of Workers Into Custody at Hyundai Battery Plant

ICE Takes 100s of Workers Into Custody at Hyundai Battery Plant

Hundreds  of employees of LG Energy Solution, a South Korean battery maker, were taken into custody in an immigration raid at a Hyundai plant being built outside Savannah, Georgia, officials from both ICE and the South Korea’s Foreign Ministry have confirmed.