Automakers adapting to tariffs

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

In today’s edition:

• Tariffs hit automakers

• McLaren names new CEO

• Carvana posts strong earnings

• Recent recalls

• and more

MARKETS 📈

HEADLINES 📰

Toyota expects 35% profit decline this year, says outlook grim as tariffs cut margins

Ford hikes prices on Mexico-produced models, citing tariffs

Carvana stock surges on strong Q1 earnings

Nissan CVT class-action lawsuit ends with $20,000 for drivers, $3.4MM for lawyers

McLaren announces former JLR, Ford executive as new CEO

Uber invests $100M in WeRide to fuel robotaxi expansion across 15 more cities

20 cheapest and most expensive cars to drive, according to iSeeCars

GM to lay off 750 workers at Oshawa plant, citing U.S. tariffs

Minivan sales are skyrocketing in the US so far this year

North Dakota is the latest state to raise Interstate speed limit to 80 mph

RECALLS

Hyundai recalls more than 600 Palisade SUVs because of the electric oil pump controllers

Volvo recalls nearly 454,000 vehicles in the U.S. and Canada over backup camera malfunction

About 2,000 model year 2025 Hyundai IONIQ 5 "N" vehicles are recalled if equipped with left-foot braking (LFB) and N e-shift features

A 2024-2025 CX-50 trailer hitch recall involves less than 100 SUVs equipped with Mazda Genuine Accessory trailer hitches

Nissan has recalled more than 1,400 vehicles because the front brake caliper assemblies can literally break while driving

Ford has announced another re-recall because the vehicles were not repaired properly during the first recall in 2023

More than 4,000 Audi RS e-tron GT and Audi e-tron GT vehicles are recalled because the front passenger airbags may deactivate when they shouldn't

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

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