Americans keep cars longer 🚗

Happy Friday morning. This is Car Alerts with your weekly recap of the latest car news and market happenings.

In today’s edition:

• Americans keep cars longer as new car prices rise

• California considers charging drivers per mile

• May sales data from J.D. Power

• VinFast under investigation

• Recent recalls

• and more

MARKETS 📈

HEADLINES 📰

May auto sales pace forecast to exceed 16 million units for first time this year.

Average US vehicle age hits record 12.6 years as high prices force people to keep them longer.

VinFast under federal investigation over crash that killed family of four.

California considers charging drivers per mile as gas tax dwindles due to EVs.

US electricity demand from EVs jumps to new highs in early 2024.

Porsche Ventures invests in battery startup South 8 to boost cold-weather EV performance.

Max Verstappen wins two F1 races in one day while at Imola.

European automakers need time, not tariffs, to fend off China competition.

UAW failed in its effort to organize a Mercedes-Benz plant in Alabama.

Toyota exec says company not developing Ford Maverick rival.

Tesla doing damage-control, discounts for European fleet buyers.

RECALLS

Mazda automatic emergency braking problems have caused a recall of 2024 Mazda CX-90 SUVs in the U.S. and Canada.

Fiat Chrysler recalls 12,500 Ram vans because wire harnesses were not crimped properly.

About 80,000 Volkswagen SUVs recalled after software bugs cause loss of speedometers and backup cameras.

BMW is recalling more than 3,200 vehicles because the seat belt systems may not accurately detect occupants.

That’s all we have for you this week. We’ll see you next Friday morning with more car content.

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