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BMW Bringing Product Blitz in Bid to Lock Luxury Market Leadership

BMW Bringing Product Blitz in Bid to Lock Luxury Market Leadership

It was a good year for BMW, the automaker gaining traction in most global markets while setting an all-time record in the U.S. To keep the momentum going, the automaker is planning a product blitz that will see nearly 40 new models come to market over the next half-decade, including an assortment of battery-electric vehicles, EVs already generating about 13% of the Bavarian automakers U.S. sales.

Tesla Cutting 10% of Workforce Globally, Implementing Other Changes

Tesla Cutting 10% of Workforce Globally, Implementing Other Changes

Tesla CEO Elon Musk is reacting to the EV maker’s sluggish sales by cutting 10% of the company’s global workforce, according to reports. Additionally, he’s making other personnel changes aimed at reducing overhead. The move comes 10 days after he slashed prices on vehicles to stimulate sales. Find out more at Headlight.News.

Tesla Kills Plan for Affordable EV

Tesla Kills Plan for Affordable EV

Tesla pulled the plug on a program aimed at developing a $25,000 EV, even as Chinese automakers led by BYD double down on bringing to market all-electric vehicles affordable often to reach mainstream buyers. According to Reuters, Tesla CEO Elon Musk now wants to focus on self-driving robocabs.

Ford Moves Mustang Mach-Es by Slicing Price and Discounting

Ford Moves Mustang Mach-Es by Slicing Price and Discounting

Ford this week confirmed it will indefinitely delay the launch of a new, all-electric SUV to put more focus on hybrids. It’s also cut back on production of its F-150 Lightning pickup. But while some EV skeptics take these moves as a sign that the market for all-electric vehicles is waning, Ford actually saw a surge during the first quarter, notably for its Mustang Mach-E. Here’s how it charged up demand.

Ford Delays Production of Electric SUV, Readies More Hybrids

Ford Delays Production of Electric SUV, Readies More Hybrids

Ford mirrored the push by several other automakers to delay production of its electric vehicles, by pushing back its anticipated all-electric SUV and next-generation electric pickup truck. It also revealed plans to grow its hybrid offerings to meet growing demand for them. Find out more at Headlight.News.

Hybrids, EVs Helped Prop Up March Sales – Except for Tesla

Hybrids, EVs Helped Prop Up March Sales – Except for Tesla

It’s become something of conventional wisdom that the EV market is slowing down. And there’s no question that, on a percentage basis, the growth rate for battery-electric vehicles has slowed over the last 12 months. But the market does continue to grow, Kia’s EV sales jumping 151% in March. Ironically, it was the 800-pound gorilla of the battery-electric market, Tesla, where sales fell well short of expectations.