Rivian and Lucid are both electric vehicle manufacturers, but that’s where the comparisons end when looking at each company’s third-quarter earnings results. Rivian beat the street’s expectations as Lucid fell short. Headlight.News has details.
Tariffs
Disconnected: U.S. Auto Sales Tumble as EV Credits Disappear, Vehicle Prices Continue Surging
Automakers suffered saw a sharp drop in electric vehicle sales during October as federal EV tax credit ended. But even sales of gas models leveled off as prices, driven higher by Trump’s auto tariffs, drove many mainstream buyers out of the market. As Headlight.News reports, the industry has become more dependent than ever on affluent households for new sales.
Exclusive: Toyota Looking to Boost U.S. Auto Exports to Japan, Along with $10B Investment in States
Toyota committed to invest another $10 billion in the United States, as negotiations on a new U.S.-Japan trade deal moved forward — prompting Pres. Donald Trump to tell troops stationed in Japan, “Go out and buy a Toyota.” In an exclusive report, Headlight.News reports Toyota also is looking for ways to boost U.S. auto exports to Japan.
Ford Sets New Record, Beats Street’s Q3 Estimates
Ford set a new revenue record during the third quarter, and beat Wall Street predictions for their results. However, supplier issues forced the automaker to cut its full-year earnings guidance. Get details at Headlight.News.
Tesla Q3 Profits Take a 40% Hit Despite Revenue, Global Delivery Records
Tesla revealed its third-quarter operating income dropped 40% compared to the year-ago period despite setting a new record for deliveries and revenue during the period. Officials cited a litany of reasons, but the biggest drivers appear to be tied to tariffs and sales mix. Check out the story at Headlight.News.
First Drive: 2026 Toyota RAV4
When you’ve got one of America’s best-selling product lines you can’t risk resting on your laurels. So, Toyota has pulled out the stops with the debut of the sixth-generation RAV4. It gets not only a new look and an updated array of technology and comfort features but a first-ever GR Sport package. The off-road Woodland package also becomes more capable. Buyers meanwhile, get a choice of either a conventional or plug-in hybrid drivetrain. Headlight.News has this first review.
GM Turns Q3 Profit Despite $1.6B Charge Resulting from EV Plans
General Motors looked to be the leader in the electric vehicle market by investing heavily in the segment, and that push crimped its Q3 earnings numbers as it took a $1.6 billion charge to offset investments in its EV operations during the period. However, the company still reported a profit, and investors are happy. Get details at Headlight.News.
Headlight News Podcast for the Week of 10-20-25
Headlight.News for the Week of 10-20-25 – Jeep and Ford Plants Idled by Shortages – Tariff Breaks — Subaru, Mazda and Toyota Plans for Tokyo Motor Show – Lexus 700h review and More.
Stellantis Latest to Pause Production as Shortages Again Threaten to Cripple Auto Industry
Stellantis has temporarily halted production at a Jeep plant in Warren, Michigan, even as three Ford plants sit idle. All face a shortage of aluminum due to a fire at a supplier plant. Meanwhile, automakers are beginning to fret there could be more closures coming across the industry due to semiconductor shortages – repeating a crisis that cast the industry millions of vehicles in lost production during the COVID crisis. Headlight.News has more.
Automakers May Get Break on Some Tariffs
Just as new car prices are starting to rise due to tariffs applied by the Trump administration, automakers may be getting a break on some of them. The move may not ease prices short term, but it would prevent them from rising in the future. Get details at Headlight.News.
Automakers Paying Nearly $11 Billion on Tariffs – And Consumers Will Start Paying More of the Bill
The Trump administration’s trade war is proving costly for the auto industry which will wind up paying about $10.6 billion in tariffs – just on autos and auto parts imported from Canada and Mexico – through the end of October, and while they’ve largely absorbed most of those costs, so far, consumers can expect to start seeing more of those tariffs passed on in new vehicle prices in 2026 and beyond, reports Headlight.News.
Mitsubishi Adding “Off-Road-Focused” SUV to Line-Up
Mitsubishi line-up is getting ready for a big growth spurt. The automaker today confirmed it will introduce an “all-new…off-road-focused” version of its Outlander SUV, on top of the all-electric utility vehicle it previously confirmed will arrive next summer. Headlight.News has more.