Despite a modest increase in sales last year, Mitsubishi Motors earnings took a tumble during the most recent quarter. Bargain-basement pricing and rising incentives took much of the blame. But it hasn’t helped that the automaker has a miniscule product lineup that leaves little for dealers to sell. Company officials now hope to tap allies Nissan and Renault to help add new products to help put Mitsubishi back on the radar, especially in the critical U.S. market.
The National Highway Traffic Safety Administration moved its probe into Tesla’s power steering loss from a probe to an engineering analysis as the company recalled 2.2 million vehicles due to a font size issue. Get details at Headline.News.
Japanese automakers, boosted by their hybrid technology, posted sales gains in January, and South Korean automakers saw sales of their EVs increase. Get the details about January sales at Headlight.News.
Struggling Polestar faces some serious financial challenges now that Volvo, its Swedish parent, plans to cut off funding for the battery-electric startup. It’s the latest sign of retrenchment by the auto industry as the rapid growth of EV sales has started to flatten out. Volvo itself continues to move forward with plans to become an all-electric brand by decade’s end. Investors applauded the move — and Volvo’s stronger than expected earnings.
More vehicle buyers — new and used — said they were satisfied with the experience in 2023 than the previous two years, according to a new Cox Automotive study. Electric vehicle buyers were the happiest with 80% saying they were satisfied. Find out more at Headlight.News.
Not long ago, Lexus buyers had a single utility vehicle to choose from: the time-tested RX. Today, the Japanese luxury brand has one of the broadest portfolios of SUVs and CUVs on the market. That includes the Lexus GX which, for 2024, gets a ground-up makeover. There’s a new chassis, a new engine, a more classic exterior design and a more high-tech interior. There’s also the all-new Overtrail trim package which adds more rugged features that, as its name suggests, will allow for more serious off-road adventures. Headlight.News headed down to Tucson, Arizona to test out the 2024 Lexus GX.
Japanese automaker Mazda continues the revamping of its sport-utility portfolio with the reveal of its 2025 CX-70. However, don’t be fooled by the name. This isn’t something that sits between the CX-50 and CX-90 in size — it’s simply a two-row CX-90. Find out more at Headlight.News.
After reporting a profitable 2023 that exceeded their own expectations, GM officials revealed they’re deploying plug-in hybrid vehicles — for certain models — to the North American market. It was a decision made after reviewing and tweaking its EV production plans and feedback from dealers. Find out more from Headlight.News.
Detroit-based automaker General Motors beat its internal guidance numbers for the 2023 earnings while raising the bar for 2024. The higher earnings forecast comes despite sizeable rise in costs expected due to the new UAW labor contract. The automaker beat its...
The COVID pandemic devastated the Auto show circuit — none hit harder than the annual event in Geneva, Switzerland. For more than a century it was a must attend gathering that drew in a Who’s Who from the automotive world. But the pandemic put the Geneva International Motor Show on hold in 2020 and now, as it gets set to stage its return, it’s looking to be a shadow of its former self, with only a handful of major brands set to exhibit at the PALExpo convention center.
No one said it was going to be easy, but the demise of the auto industry’s turn toward electric vehicles is being exaggerated, analysts said during Society of Automotive Analysts annual Automotive Outlook Conference. Get details at Headlight.News.
When Toyota introduced the Mirai fuel-cell vehicle three years ago the automaker tossed in an appealing incentive, $15,000 worth of the hydrogen needed to power it up. At the time, it cost just over $70 to fill Mira’s 5.6-kilogram tank. Today, you’ll pay over $200 – if you can find the lightweight gas, as many of the stations providing it have run dry. And that’s threatening to short-circuit the “hydrogen economy” that fuel-cell proponents have predicted is just around the corner.