Analysts at Cox Automotive predict new vehicle sales will rise 6.5% in November. That increase is really less about people buying a lot of vehicles this month and more about poor results from last November. Find out more at Headlight.News.
Michael Strong
GM Reinstates Full-Year Guidance for 2023, Buying Back Shares
Apparently the strike against General Motors by the UAW didn’t hit the company’s bottom line too badly. The Detroit-based automaker reinstated the full-year guidance it offer before the union’s walkout. Not only that, the company’s implementing a $10 billion accelerated share repurchase program. Get details at Headlight.News.
GM Cutting Spending on Cruise Robocab Unit
General Motors continues looking at its business with a critical eye, planning to cut back its spending on its robocab subsidiary Cruise. The company recently revealed plans to slow its cadence on electric vehicle introductions. The new cuts come after a Cruise robocab was involved in a collision with a pedestrian. Get details at Headlight.News.
Cheap Gas, Cruise’s Robocab Crash, Ford Cuts EV Spending Top the Headlight News Podcast
In this edition of Headlight News for the Week of 11-27-23, we cover cheap gas, the latest fallout from Cruise’s robocab crash, Ford’s EV spending cuts and more. We also review the 2024 Buick Envista and take a trip through This Week in Automotive History. Join us!
A Quarter of Americans Want to Buy a New EV — Still
Electric vehicle sales have been on the rise for much of 2023, although they’ve leveled off in the past few months. A new study reveals that cool down mirrors that of Americans wanting to buy new EVs at about 25%, which is about the same as last year. Details at Headlight.News.
Headlight News for the Week of 11-20-23 – LA Auto Show – Hyundai Ties up with Amazon – This Week in Auto History
Headlight News for the Week of 11-20-23 – LA Auto Show – Hyundai Ties up with Amazon – This Week in Auto History
UAW Reveals Jeep Wrangler EV Arriving in 2028
UAW President Shawn Fain pledged to be transparent with union members, and that openness has including revealing future product plans, such as talking about the expected arrival of the Jeep Wrangler EV in 2028. Find out more at Headlight.News.
Stellantis Workers Next to Ratify UAW Deal
Less than 24 hours after the contract between General Motors and the UAW was ratified by workers, Stellantis workers followed suit. The voting isn’t complete yet, but the number of “yes” votes is too high to be overcome by “no” votes. Ford isn’t far behind. Get details at Headlight.News.
Kia Reveals Updated 2024 Sorento in Los Angeles
The competitive nature of sport utility sales was reinforced at the LA Auto Show with the debut of the 2024 Kia Sorento and its 2025 hybrid siblings. The HEV and PHEV models will arrive later next year to round out the lineup. Get details at Headlight.News.
UAW Workers Approve GM Contract
In a surprise to many, the tentative deal between General Motors and the United Auto Workers was a close vote that, at one point, looked like it might fail. However, the final vote is in and the workers approved a new 4.5-year contract. Get details at Headlight.News.
Honda Surprises with Prelude Appearance at LA Auto Show
Everyone ready for their first look all-new Honda Prologue in Los Angeles got a very welcome surprise … the Honda Prelude concept. The company’s hybrid electric concept was a big hit at the Japan Mobility Show last month and now it’s at the LA Auto Show. Get the story at Headlight.News.
Stellantis Looks to Make Big Cuts to Salaried Workforce in U.S.
UAW concerns about jobs being cut due to the transition to electric vehicles may be ready to play “We Told You So” Tuesday as Stellantis is offering voluntary buyouts to about half of its white collar workers in the U.S. Find out more at Headlight.News.