🚗 Apple's EV attempt cost $10B

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

In today’s edition:

• Apple clips EV plans

• US investigates Chinese cars

• Ford customers gain access to Tesla chargers

• Latest recalls

• and more

MARKETS 📈

HEADLINES 📰

Apple spent more than $10 Billion on its failed EV car project.

Biden administration is investigating security threats from Chinese vehicles.

Ford customers can now charge on Tesla superchargers in U.S. and Canada.

Quality and styling distinguish top EV models, but public charging woes felt by all, J.D. Power finds.

IIHS challenges automakers with tougher TOP SAFETY PICK award criteria.

Lordstown Motors charged with misleading investors about the sales potential of its EV pickup.

Ford again the only Detroit automaker to make Consumer Reports' Top Picks list.

Fisker is laying off 15% of staff and says it needs more cash ahead of a ‘difficult year’.

Polestar lands $1 Billion loan to keep EV plans on track.

Tesla must face race bias class action by 6,000 Black US workers.

RECALLS

A Toyota Tacoma rear axle recall involves more than 402,000 trucks with components that can fall off.

Mercedes-Benz transmission problems have caused a recall of 105,000 GLE 450 and GLS 450 vehicles.

Chrysler has recalled more than 355,000 Jeep Grand Cherokees with wheels that may fall outward.

BMW has recalled more than 87,000 vehicles equipped with integrated brake (IB) systems that may malfunction.

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

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