The Headlight News for the Week of 5-6-24 covers Auto Sales Stumble – New Ferrari 812 – Polestar EV Can Charge in 10 Minutes – Kia Telluride Review and This Week in Automotive History. Check out the podcast at Headlight.News.
Sales
Rivian Gets $827M to Expand Illinois Plant to Build New Vehicle
EV maker Rivian received $827 million in new incentives from the State of Illinois to expand its production facility in Normal. The company currently builds all of its vehicles there, but the expansion will allow it increase production levels as well as handle...
Ford Posts Record Month for Hybrid Vehicle Sales as the Company Also Deals with Decreasing F-150 Sales
Ford Motor Co. set a monthly record for sales of hybrid vehicles during April as its sales slipped last month as sales of the full-size F-150 pickup weakened.
Japanese Automakers Post Strong April Sales Numbers, Korean Automakers See Sales Dip
The expanding popularity of electrified vehicles, particularly hybrids, continues to help boost sales of new vehicles amid growing signs consumers are switching to smaller, more affordable vehicles in the face of rising prices and the highest interest rates in nearly a quarter of a century.
Cadillac Likely Won’t Be All-Electric by 2030
Cadillac has backed away from its plan to offer “an all-electric portfolio by 2030,” the luxury brand’s global boss acknowledged Wednesday. While that could yet happen, said General Motors Vice President John Roth, Caddy is likely to continue offering vehicles using internal combustion engines well into the next decade.
You’re Not Batman But You Can Drive Bruce Wayne’s Car
Young boys often grow up wishing they could be one superhero or another. However, Batman enjoys a special hold on many because of all the technology he used to fight crime — especially his cars. Now you can drive the cars as Pininfarina’s created two new versions each of the all-electric B95 hyper Barchetta and Battista hyper GT inspired by Bruce Wayne. Find out more at Headlight.News.
Stellantis Misses Mark with Q1 Earnings Results
Stellantis fell short of analysts’ expectations, posting a 12% decline in first quarter revenue largely due to sluggish sales in Europe. However, the company expects a big rebound in the second half of the year. Find out more at Headlight.News.
Toyota Highlander Set to Go All-Electric as Toyota Ramps Up EV Plans
Though it’s long emphasized hybrids, Toyota has plenty of battery-electric vehicles coming before the end of the decade and one of the most significant moves will see the automaker’s popular Highlander model go all-electric when the next-generation SUV comes out around 2027, Headlight.News reports.
Automakers Looking at Mixed April Sales Results
It appears there will not be showers of new vehicles buyers in April after seeing good numbers through the first three months of the year. However, analysts suggest the market is still healthy. Find out more at Headlight.News.
Looking to Buy a New EV for Cheap? Start with the Nissan Leaf
On average, the price of a new electric vehicle has dropped throughout the year. So if you’re looking for a good deal on a new EV, you’ll want to start with the Nissan Leaf. To see what else is affordable, or less expensive anyway, head over to Headlight.News.
Could the Next Ram TRX go All-Electric?
The Ram brand launched the latest version of the full-size 1500 pickup today, the Ram 1500 RHO delivering a mix of dragstrip performance and extreme off-road capabilities. But it’s not a replacement for the even more formidable Ram TRX, officials stressed. We’ll have to wait a few years for that ultimate version of the Ram 1500. But when it does arrive it could deliver an electrifying surprise, reports Headlight.News.
Ford Tops Wall Street’s Q1 Earnings Estimates
Ford offered up good news with its first quarter earnings report, beating analysts’ estimates, although falling short of last year’s net income and margin numbers for the same period. Find out more about the company’s results at Headlight.News.