With rare exception EVs have been big money-losers for the auto industry. But there are a few exceptions, starting with Tesla. Now, Stellantis CEO Carlos Tavares says his companies electrified vehicles also are “in the black.” Speaking at an industry conference, Tavares warned that automakers who can’t improve margins could be forced out of business by the end of the decade.
Just after revealing its electric vehicles are profitable, Stellantis continues to do things a little differently. The company just inked a deal with a company called Ample to use its battery swapping technology for the automaker’s Free2Move fleet of Fiat 500e EVs in Europe. Find out more at Headlight.News.
Consumers have been concerned about the affordability of vehicles for some time now. Rising prices for new vehicles combined with a constant stream of interest rate hikes have made buying a new vehicle a more expensive proposition until recently. Find out what’s changed at Headlight.News.
Even as it prepares to launch its first long-range EV for the U.S. market, Honda said it will introduce an all-new “series” of global battery-electric vehicles during next month’s Consumer Electronics Show in Las Vegas. The even will mark the launch of the first models developed internally by Honda, rather than as part of a partnership with General Motors.
GM Chair and CEO Mary Barra told reporters Monday evening the company remains focused on its coming array of EVs, and that hybrids are not on the agenda — for the U.S. anyway. She also dispelled any notion of a looming retirement. Find out what else she said at Headlight.News.
Hoping to gain more traction — and make it simpler for customers to choose the right version — for its all-electric Air sedan, EV startup Lucid lowered the price on its two lowest trim models. Its also ended the run for its original Air Dream packages. The California-based automaker also added a range of new options available across the lineup. More from Headlight.News.
Fiat hopes to charge itself up as it begins the transition to an all-electric brand. It’s pulling the covers off an all-electric version of the iconic Cinquecento, better known to Americans as the 500. The first edition headed to the U.S. will be the 2024 Fiat 500e RED edition. Here’s what we know about it at Headlight.News
Headlight News for the Week of 12-4-23 talks about the first deliveries of the Tesla Cybertruck, the UAW targets imports, and EV reliability issues. We also review the Kia Sorento plug-in hybrid, preview this week’s stories and check out this week in automotive history. Check it all out at Headlight.News.
When it comes to EVs, Toyota and Nissan have been slow to join the party. But the two manufacturers plan to rapidly expand their offerings over the next several years. Between them, they’ve announced a combined nine new all-electric models due to reach showrooms in the next few years. Unfortunately for American motorists, most or all of those new EVs won’t be coming to the States. Headlight.News has more on the new Toyota and Nissan EVs.
Most automakers in the U.S. enjoyed positive results in November, but Ford’s numbers ran counter to the larger trend. The Michigan-based automaker saw sales drop 0.5% last month, but it could have been worse as EVs and hybrids were up substantially. Find out more at Headlight.News.
Analysts predicted new vehicle sales results for November would be strong and now that the numbers are in, they were right. Some companies even enjoyed record-setting tallies for the 11th month of 2023. Check out the results at Headlight.News.
In recent days, several automotive executives have discussed scaling back their EV and battery production plans and started talking up the advantages of hybrids. Much of this was tied to thoughts that company’s overestimated the demand for electric vehicles, especially in light of the flattening of sales in recent months. GM CFO Paul Jacobson pumped the brakes on that notion. Get details at Headlight.News.