With its quirky rounded exterior, Canoo caught the attention of plenty of potential electric vehicle buyers. However, the looks weren’t enough to translate to sales and profits. Canoo filed Chapter 7 bankruptcy. Get details at Headlight.News.
Sales
Lexus Killing Off RC Coupe as Passenger Car Ranks Continue to Dwindle
Lexus is giving its RC and RC F sports coupes a “sonorous swan song,” finishing their run at the end of 2025. While the Japanese luxury brand does retain some passenger car models it mirrors the broader industry’s ongoing move to abandon passenger vehicles in favor of SUVs, CUVs and pickups.
More Americans Underwater on Their Car Loans
As prices and interest rates have continued to rise in recent years, more and more owners are finding themselves with a lot of negative equity in those vehicles when they’re ready for a new car, truck or SUV. A new study shows Americans are upside down at record levels. Get details at Headlight.News.
EV Maker Polestar’s Profitability Going to Take a Little Longer
Officials at EV maker Polestar said that it’s going to take longer than originally forecast for the nascent automaker to be in the black. It also delayed a planned expansion to new companies. Check out the story at Headlight.News.
Chrysler the Latest to Scale Back EV Plans; Kills off Electric Crossover
The Chrysler brand reportedly has halted work on a midsize electric crossover based on the Airflow concept vehicle. The move comes late in development as the EV was to have reached market later this year. The decision echoes one made by rival Ford which has also responded to slowing growth in the EV market by killing off a planned 3-row crossover.
New Vehicle Sales Strong Even as Prices Approach Record Highs
Automakers converted new-vehicle shoppers to actual buyers at a strong rate during the final quarter of the year. This happened despite four straight months of price increases, and now consumers are looking at near-record prices. Find out more at Headlight.News.
EV Sales Take Off in Fourth Quarter to Set New Records
Acceptance of electric vehicles continues to rise not just in the U.S. but around the world. One need only take a look at the 2024 sales numbers to see that buyers are more comfortable with potential EV-related shortcomings to enjoy the benefits of battery-powered vehicles. Get more details at Headlight.News.
Electrified Vehicles Drive China Auto Sales to Record 31.4 Million, Twice U.S. Volume
After several weak years triggered by the COVID pandemic, Chinese auto sales surged to a new record nearly twice that of the U.S. market. And strong demand for EVs and hybrids played a critical role, according to industry data. Meanwhile, Chinese auto exports also surged to record levels. More from Headlight.News.
Porsche Posts Strong Sales Performance Despite Slumping Taycan Sales
Porsche reports strong sales even as the Taycan EV continues to post shocking sales declines.
Alfa Romeo Reveals New Intensa Special Series Package
While the Detroit Auto Show highlights the more rough-and-tumble Jeep brand, another Stellantis product, Alfa Romeo, made news at the Brussels Motor Show in Belgium. It revealed the new Intensa Special Series for the 2025 Tonale, Stelvio and Giulia. Get details at Headlight.News.
Back to Basics at a Very Downsized Detroit Auto Show
Once one of the most important auto shows in North America, if not the world, the annual Motor City event returned to its original January schedule after a brief summer run. But what has been renamed the Detroit Auto Show is a mere fraction of the size of what it was during its glory days. Headlight.News looks at what has happened — and why.
Next-Generation Tesla Model Y Ready for China
Much like the update on the Model 3 last year, the new look for the Model Y in China is evolutionary on outside with upgrades keeping with consumer demand on the inside. Get more details at Headlight.News.