In the wake of the mega-merger between Fiat Chrysler Automobiles and Paris-based PSA, Tim Kuniskis seemed the fair-haired boy, the American executive CEO Carlos Tavares could turn to when there was a problem to be solved. But Kuniskis unexpectedly announced his retirement Friday, with replacements named to take on his duties at Dodge and Ram.
General Motors and its partner, LG Energy Solution, agreed to a $150 million settlement with Chevrolet Bolt owners impacted by defective batteries for the vehicles. The payments range from $700 to $1,400 depending upon certain factors. Find out more at Headlight.News.
A decline in interest rates wasn’t enough to improve the affordability of new vehicles in April. The average new vehicle payment rose slightly, and it’s taking a little bit more of your annual income to afford a new car, truck or SUV. Find out more at Headlight.News.
President Joe Biden raised tariffs on an assortment of Chinese-made goods, including the battery-electric vehicles manufacturers like BYD, Geely and Great Wall have been hoping to start selling in the U.S. The threat of these inexpensive EVs – some starting at barely $10,000 – has sent shivers through the American auto industry, one trade group warning their arrival poses an “extinction-level event.” Headlight.News explains why.
Just days after firing the head of Tesla’s Supercharger operations – and dismissing her entire 500-person staff – CEO Elon Musk appeared to reverse course, announcing on his social media site X that the automaker still will invest “well over” $500 million on “new sites and expansions” of the public charging system. The apparent turnaround comes as Tesla comes under increasing pressure from Tesla investors, analysts, owners and other automakers who have done deals to gain access to the Supercharger network for their own EV customers.
Subaru’s only EV, the Solterra, is a product of a joint venture with Toyota – and the Japanese automaker plans to take the same approach with its next three battery-electric vehicles, all due out by 2026. Then it plans to bring out four more, developed in-house, by 2028, its CEO said Monday.
After millions of miles of development and testing, Porsche’s planning to show off the newest generation of the iconic 911 to the world. The new version is faster, more powerful and, for the first time, can be had as a hybrid. Get details at Headlight.News.
Nissan pushes its dealer network to sell certain 2024 models at a loss as the Japanese car giant scrambles to eliminate massive pool of inventory to make room for key 2025 models.
Although General Motors is slowing the cadence of its electric vehicle production, it’s not halting it altogether. That’s evidenced by the move to end production of the Chevy Malibu at its plant in Kansas to transition over to the next generation Bolt EV. Find out more at Headlight.News.
In desperate need of a more affordable product that can deliver a big boost in sales, Lucid is working up a new compact SUV taking aim at the Tesla Model Y. Expect it to enter production by 2026, with a base price of less than $50,000, said CEO Peter Rawlinson, earlier than previously expected.
EV maker Rivian reported first quarter earnings that were slightly better than its year-ago results but ended up falling short of analysts’ expectations. The company generated more revenue, but increased costs chewed up profits. Find out more about what happened at Headlight.News.
Nascent EV maker Lucid Motors reported its first quarter results, exceeding expectations in some areas while falling short in others. CEO Peter Rawlinson brushed aside concerns about shortcomings, noting the company was focused on growth, specifically the company’s second vehicle, the Gravity SUV. Get details at Headlight.News.