The impact of Tesla’s price cuts hit home in the third quarter as its earnings fell on a year-over-year basis. Perhaps more importantly, more price cuts are expected to come in the fourth quarter at the company pushes to meet its goal of delivering 1.8 million vehicles globally. More cuts means a tough final quarter — fiscally anyway. Details at Headlight.News.
With rare exception, everything Volvo brings to market, going forward, will be all-electric. And that includes the brand’s first minivan. Images of the Volvo EM90 have begun leaking out and, not surprisingly, it bears a more than passing resemblance to the ZEEKR 009, the all-electric people-mover also being launched next year by the Swedish automaker’s Chinese parent, Geely.
Slow to enter the EV market, Toyota is making up for lost time. And it’s signaling its shift in direction at this week’s Japan Mobility Show where it will unveil two all-electric concept vehicles, including one that could become a battery-powered successor to the Toyota Supra.
Infiniti dropped a teaser on Thursday for the Vision QE Concept set to debut later this month at the Japan Mobility Show in Tokyo. It’s saying little about the concept other than confirming it previews the brand’s first — long-awaited and repeatedly delayed — battery-electric vehicle.
One of the benefits of buying an EV is the potential to earn state and federal incentives — including up to $7,500 in tax credits from the IRS. On the down side, the Inflation Reduction Act reduced the number of models qualifying for the federal giveback — but new guidelines mean that, if your EV does qualify, you now get your rebate instantly, rather than waiting until you file your annual taxes.
With the UAW looking to represent the battery plants run by automakers, Stellantis revealed its plans to partner with Samsung SDI on a $3.2 billion facility in Kokomo, Indiana. Get the details at Headlight.News.
California-based Alpha Motor Corp. keeps pushing the limit with its off-road ready electric pickup, the NightWolf. The rough-and-tumble two-seater just completed some rigorous testing as it moves through its development. Get details at Headlight.News.
Among only a handful of EV startups to make it into showrooms, Lucid has delivered an impressive first product with the Air sedan. Among the various trims, the Air Touring may be most impressive from the bang-for-the-buck factor, but we did find room for improvement. Check it out at Headlight.News.
New model offers longer range, a bigger screen, a more efficient heat pump, standard BlueCruise at a “more accessible price.” Check it out at Headlight.News.
Days after announcing plans to deliver at least 300 vehicles daily in the U.S. and Europe, Fisker Inc. tapped an existing investor for an additional $150 million to help with vehicle deliveries and other expenses to keep growing. Find out more at Headlight.News.
The UAW is contemplating an expansion of its ongoing strike. Union chief Shawn Fain will reveal what the organization will do next or if the talks with the Detroit automakers are on the upswing. Get details at Headlight.News.
Production initially limited, but long-term plans target substantial growth for the Saudi-backed EV maker. Get more details about the new facility at Headlight.News.