Automakers clash with White House

Happy Friday morning. This is Car Alerts with your curated weekly email of all things cars.

In today’s edition:

• Major automakers clash with White House

• Lithium industry giants merge

• GM hires Apple exec

• Used car prices are down from March

• Toyota forecasts huge growth

• Ford’s latest Raptor

• Porsche’s new 718 Spyder RS

• EV company woes

📈 MARKETS

📰 HEADLINES

Major automakers push back on the Environmental Protection Agency’s 2032 plans of making 67% of all new vehicles electric.

Australian lithium giant, Allkem, merges with U.S.-based Livent to become the world’s fourth-largest lithium producer.

GM hires former Apple executive, Mike Abbott, as part of a plan to replace Apple CarPlay with their own in-house software.

Used car prices decreased by 3% in April from March, according to Manheim.

Toyota forecasts a 10% increase in profit and a 5x improvement in EV sales, stating supply chain issues are behind them.

EVs are expensive to build and many manufacturers are underperforming, especially as market leader Tesla lowers prices to propel growth.

Ford releases Ranger Raptor, with 405 horsepower, as the latest Raptorized vehicle in their fleet.

Porsche debuts the new 718 Spyder RS, powered by the same naturally aspirated engine in the 911 GT3.

😎 COOL CARS FOR SALE

1947 Pontiac Torpedo: Tasteful restomod.
1964 Porsche 904 Carrera GTS: 1 of 107, single-owner, California car.
1977 Mercedes 450SLC AMG: restored, V8.
2000 BMW M5: low mileage, great condition.
1969 Volvo P1800: restored, 4-speed manual.
1996 Ford F-350 XLT: one-owner, low mileage.

😂 FUNNIES

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

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