Danish automotive designer and entrepreneur Henrik Fisker may be heading for a second bankruptcy. Shares of Fisker went into freefall Thursday after the Wall Street Journal reported the executive’s latest car company is seeking the help of restructuring experts in preparation for a possible bankruptcy. Earlier this month, Fisker advised analysts and investors the startup is facing going-concern risks due to slow sales and weak revenues. It is unclear whether a potential tie-up with Nissan will be enough to overcome a fast-worsening cash crunch.
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Exclusive: Hyundai Rethinks EV Plans – New Georgia EV Plant May Add Hybrids, Gas Models
As EV sales growth slows, automakers are rethinking prior plans, in some cases delaying, even canceling battery-electric vehicle projects. That includes Hyundai Motor Group, the Korean automaker previously announcing one of the industry’s more aggressive EV launch programs. But, in an exclusive report Headlight.News reveals Hyundai is not only studying whether to slow the rollout of new EVs, but also whether to make major changes to the $5.54 billion EV plant in Georgia currently set to start production in October. That would allow the facility to meet production targets by assembling more than just EVs, Hyundai officials revealed.
A Week With: 2024 Buick Envista ST
A brand in transition, Buick’s shift to a lineup of only crossovers and sport-utility vehicles gets a new entry, the Envista. With a new design language and intriguing drivetrain, does Buick have a winner? Go to Headlight.News to find out.
U.S. Consumers Continue Paying Less for New Vehicles
The average transaction price for new vehicles dropped again in February, falling a little less than 1% compared to January prices. Rising inventories and increased incentives keep pushing the prices paid for new vehicles down. Get the details at Headlight.News.
Detroit Automakers Watch as Their Sales Collapse in China – and the U.S. Could be Next
When the new Lincoln Nautilus goes on sale this spring it will mark a significant development for parent Ford Motor Co., the first time it imports a vehicle to the U.S. from China. The move will help keep the U.S. automaker’s factories there running as demand for its products has tumbled sharply in the Asian nation. But Ford is not alone. Detroit automakers – along with other foreign brands – have seen their Chinese sales – and earnings – plunge as consumers by the millions shift to domestic competitors. Could the Chinese now turn the tables on the U.S. at home? Find out at Headlight.News.
Whether Stuck in Sand or Snow or Driving Into Walls, Owners are Wrecking Cybertruck’s Image
When Elon Musk handed over the keys to the first Cybertruck last November he boasted that the electric pickup featured “the finest in apocalypse technology.” The Tesla CEO even played a video showing bullets bouncing off the truck’s stainless steel skin. But a series of recent social media posts raise serious questions about the truck’s actual capabilities — or at least the skills of its early owners who’ve gotten stuck in sand and snow and even driven into a wall at the Beverly Hills Hotel, knocking off a wheel in the process. Read all about it at Headlight.News.
Porsche Brings the Heat with New Taycan Turbo GT
German sports car maker Porsche’s tease of “the most dynamic Taycan of all time” paid off March 11 with the debut of the Taycan Turbo GT and the track-ready Taycan Turbo GT with Weissach package. Find out more at Headlight.News.
Chevrolet Lifts Stop-Sale on Blazer EV
After nearly 10 weeks, Chevrolet has lifted a stop-sale order barring dealers from selling or delivering the new Chevrolet Blazer EV. The move was ordered in response to reports of serious glitches with the all-electric SUV’s software. Hoping to win back buyers, also announced price cuts running as much as $6,500, depending on the Blazer EV trim package. For more details, go to Headlight.News.
UAW Sets Sights on Toyota Plant in Missouri
The concerted effort by the UAW to capitalize on the momentum gained by its record-setting contract with the Detroit Three may be paying off. The union is looking to organize the previously resistant plants of foreign automakers across the southeastern U.S., and it looks a Toyota plant may be the first to make the leap. Get details at Headlight.News.
Rivian Surprises with Three New Electric Vehicles: R2, R3, R3X
The long wait, which was somewhat spoiled by a leak, for Rivian’s next vehicle line came to an end today with a massive surprise: Rivian’s third vehicle. Headlight.News has the story.
Electric Van Segment Heats Up with Mercedes New Entry Coming to U.S.
Hybrids may be making all the buzz right now, but when it comes to the van market, battery-electrics continue to make noise. While the Ford Transit EV is the big seller, Mercedes-Benz is looking to gain ground with its new midsize luxury entry coming to the U.S. Get details at Headlight.News.
Rivian R2 Details Leaked
A “Tesla and Rivian owner/fan” uncovered reported details about the new Rivian R2 scheduled to make its global debut Thursday. The EV maker’s new model is about the size of the Tesla Model Y and costs less than $50K. Go to Headlight.News for more information.