Hyundai plans to locally produce 80% of the vehicles it sells in the U.S., the automaker announced Thursday. As part of a $55 billion global investment program it will spend $2.7 billion to expand the electrified vehicle plant near Savannah, Georgia hit by an ICE raid two weeks ago, boosting its production capacity to 500,000 vehicles annually. More from Headlight.News.
Japan reached a trade deal with the Trump administration that will lower tariffs on its auto imports to 15%. That’s nearly half what the president’s trade war initially imposed on Japanese-made vehicles – but its still six times more than the duties in place before the Trump trade war – which means thousands of dollars in potential price hikes should automakers pass the tariffs on to consumers. More from Headlight.News.
Toyota plans to introduce all-electric versions of two familiar SUVs, the RAV4 and Land Cruiser, according to a new report, with both set to be assembled at the automaker’s plant in Georgetown, Kentucky. More from Headlight.News.
If you want an electric vehicle in the U.S. going forward, you’re likely buying a luxury vehicle. Mercedes-Benz appears to be making sure you have plenty of options, unveiling its all-new electric GLC coming in the second half of next year. Get details at Headlight.News.
Polestar’s next model is set to make its debut at IAA Mobility 2025 in Munich this week and it could position the Swedish automaker as a serious contender to performance products like the Tesla Model S, the Lucid Air and Porsche Taycan, with a top-end model set to deliver nearly 900 horsepower and gobs of tire-spinning torque. Here’s more from Headlight.New.
South Korea’s foreign minister headed to the U.S. Monday morning to move forward with plans to release hundreds of South Korean nationals arrested last week while working on the construction of a $7.6 billion Hyundai battery plant in Georgia. The move came just days after the Korean carmaker upped investment plans for the U.S. to $26 billion — and threatens to chill relations between the U.S. and one of its staunchest allies. Headlight.News has more.
Hundreds of employees of LG Energy Solution, a South Korean battery maker, were taken into custody in an immigration raid at a Hyundai plant being built outside Savannah, Georgia, officials from both ICE and the South Korea’s Foreign Ministry have confirmed.
The jump in new car prices coming out of the pandemic hasn’t subsided, and when combined with the rise in interest rates, vehicles are more expensive than ever. A new study shows consumers are now focused on affordability than any other factor when it comes to buying a new car. Get details at Headlight.News.
EV sales will “flatten considerably” once federal tax credits expire at the end of September, according to a new study. Even with more affordable models coming to market, EV market share will be nearly half what was previously expected before Congress voted to eliminate the incentives. Hoping to clear out inventory before then, automakers have launched a variety of deals that could put some buyers behind the wheel of an EV for less than $100 a month. More from Headlight.News.
Auto exports from the U.S. to its northern neighbor have plunged in the wake of the Trump tariff war, Canada now importing more vehicles from Mexico for the first time in three decades.
New data from research firm Rho Motion reveals that EV sales globally slowed in the second quarter of the year, with. automakers selling 1.6 million EVs in July, which is a 9% decline from May. However, overall numbers are up 27% for 2025. Find out more at Headlight.News.
Pres. Donald Trump’s tariffs will add billions to the cost of manufacturing vehicles in the U.S., as well as importing products from abroad. So far, however, automakers have been reluctant to pass those higher costs onto consumers, fearing that could trigger a sharp downturn in demand. How long they can continue swallowing those higher costs remains to be seen. More from Headlight.News.