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.
Just as new car prices are starting to rise due to tariffs applied by the Trump administration, automakers may be getting a break on some of them. The move may not ease prices short term, but it would prevent them from rising in the future. Get details at Headlight.News.
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.
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.
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.
Ford has now topped 110 recalls this year, but the latest could be one of the most serious, the automaker warning owners of 115,000 Super Duty pickups that they could face a dangerous defect leading to a complete loss of steering control. Headlight.New has more.
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.
Now it’s Toyota’s turn. The automaker is recalling nearly 600,000 vehicles sold under both the Toyota and Lexus badges because their digital instrument panels can fail. Similar problems have plagued its competitors this year, notably Ford, reports Headlight.News.
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.
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.
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.
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.