South Korean automotive behemoth Hyundai Motor expects to sell 5.5 million vehicles globally by the end of the decade, including 2 million EVs and 1.8 million hybrids. The global number represents a 30% jump over last year’s numbers. Find out more at Headlight.News.
The auto industry’s been expecting a big sales month at some point this summer in the wake of the CDK outage that cut into new vehicle sales in mid-June. Some thought it would come in July, but inventory levels we’re quite settled. But now it appears everything’s in place for a 7% year-over-year increase. Find out more at Headlight.News.
With North American sales and earnings on the slide, Stellantis faces a number of challenges that have already led to some major changes in upper management and layoffs on the factory floor. And CEO Carlos Tavares is under mounting pressure to find a fix, reports Headlight.News.
It’s been a decade’s long wait but Volkswagen is finally ready to bring the replacement for its iconic Microbus back to the U.S. market. And while the original might have been an affordable people-mover, buyers of the new VW ID.Buzz will have to reach deeper into their pockets, the all-electric model starting at $61,545.
The $7,500 federal tax credit for buyers of battery-electric vehicles could be dropped if Donald Trump returns to the White House next January, the presidential candidate said in an interview. At the same time, Trump said he’s open to finding a role for Tesla CEO Elon Musk, possibly even making him a member of his cabinet.
The average transaction price for a new vehicle fell last month — the 10th straight month of declines as the push by automakers to rebuild inventories exerts pressure on prices. As more and more vehicles sit longer and longer on lots, automakers offer higher incentives to move new metal. Find out more at Headline.News.
The Tesla Cybertruck missed a number of earlier targets, coming in 50% more expensive than planned, while offering about a third less range than promised by CEO Elon Musk back in 2019. Now, the automaker is ready to address the range problem by offering a range-extender battery that sits in the forward part of the bed. But it creates other problems: adding substantial cost while reducing cargo capacity.
It was billed as an “interview” with presidential candidate Donald Trump but billionaire entrepreneur Elon Musk used the Monday night event on social media service X to promote the benefits of EVs – those from Tesla, in particular. It’s no easy sell, at least to the former president’s followers.
Tesla has stopped taking orders for the $61,000 Cybertruck, making a $100,000 version of the electric pickup the new base offering. The move surprised many observers as demand appears to be falling well short of initial expectations – and comes just days after Tesla CEO Elon Musk acknowledged Cybertruck may be overpriced.
GMC is giving the compact Terrain crossover a new, bolder look for 2025, while upgrading its powertrain and technology – including the new Google built-in system. It also adopts a new, three-trim strategy that should be easier for buyers to figure out. But you may have to wait a but to get the version of the 2025 GMC Terrain you want, as Headlight.News explains.
Last year automaker after automaker agreed to use Tesla’s Charging System, more precisely the unique plug. They did this, of course, to gain access to the Supercharger network, and Tesla certainly welcomed the expected cash that should roll in with it. However, this left EV owners whose vehicles still had the non-Tesla ports twisting in the wind. However, change is coming, reports Headlight.News.
Automakers face a slew of problems regularly: emissions compliance, workplace or office issues, quality shortcomings and more. However, the problem of counterfeit parts affects them all. Mercedes-Benz works with law enforcement globally to combat the problem, which can make vehicles less safe and certainly takes money out of the automaker’s coffers. Check out what Mercedes and the rest of the industry is dealing with at Headlight.News.