Ford scraps F-150 Lightning, takes $19.5B hit as EV demand declines
On the Dash:
Ford has canceled the successor to the F-150 Lightning, known as the T3 truck, and has shelved its plans for electric vans, shifting its focus to a...
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TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
TSLA360.590-20.67001%
GM72.540-2.5%
F11.590-0.09%
RIVN15.4000.46%
CYD39.410-0.08%
HMC24.150-0.16%
TM207.010-2.66%
CVNA313.5481.45799%
PAG149.3400.18%
LAD251.8201%
AN197.680-0.29%
GPI329.450-1.34%
ABG194.7600.73%
SAH64.870-0.38%
Headlines
GM rolls out Apple Music into new vehicles as CarPlay exit continues
On the Dash:
GM has begun rolling out Apple Music natively in select 2025 and newer Chevrolet and Cadillac vehicles.
Streaming is included at no additional cost through OnStar Basics...
Stellantis launches internal “emergency room” to streamline operations
On the Dash:
Stellantis CEO Antonio Filosa is prioritizing sales growth over profits, including lower-margin fleet sales and affordable models.
Brand trimming is most likely in Europe, while U.S. brands...
Tesla shares surge toward record as AI optimism fuels rally
On the Dash:
Tesla shares closed near a record high after more than doubling from April lows.
Investor optimism around AI and automation is driving the rally more than EV...
EU weighs easing 2035 combustion-engine ban as automakers seek relief
On the Dash:
EU officials are considering loosening the 2035 ban on combustion engines, including a possible five-year extension, amid industry pressure and job concerns.
Automakers warn current rules could...
US DOE trims $9.6B loan as Ford, SK On end EV battery partnership
On the Dash:
DOE will cut the $9.6B loan to Ford and SK Innovation following the breakup of their EV battery joint venture.
SK On will take control of the...
Global EV sales slow to 6% in November
On the Dash:
U.S. EV sales have declined since federal tax credits ended, signaling slower demand for dealerships in North America.
Europe remains a growth hotspot, with registrations up 36%...
Used-vehicle retail sales rise, CPO sales slip in November
On the Dash:
November used-vehicle retail sales reached 1.39 million, up 1.9% year over year.
Certified pre-owned sales fell 1.8% year over year but outperformed new-vehicle sales.
Days’ supply held...
Used-vehicle inventory hits new 2025 high as December begins
On the Dash:
Used-vehicle inventory reached a new 2025 high at 2.31 million units with a 50-day supply.
Retail used-vehicle sales remain strong, rising 1.9% year over year and 2.3%...
Tesla sales slump 23% in November as Standard EV demand underperforms
On the Dash:
Tesla’s U.S. November sales dropped 23% to 39,8000 vehicles, the lowest since January 2022.
Lower-cost Standard Model 3 and Model Y variants failed to drive robust demand.
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