🚗Buying a car...on Amazon

Plus: State of the car market, GM beats Tesla, Exxon to mine lithium, UAW updates, latest recalls, and more.

Happy Friday morning. This is Car Alerts with your weekly news and market update from the car world.

In today’s edition:

  • Hyundai to sell cars on Amazon.com

  • New car prices are down (slightly)

  • GM one-ups Tesla

  • Exxon all-in on lithium

  • and more

MARKETS 📈

Note: Stock market data as of Thursday’s market close.

HEADLINES 📰

Amazon and Hyundai launch a broad, strategic partnership—including vehicle sales on Amazon.com in 2024.

Average new-vehicle prices down 1.4% year-over-year in October, as healthy inventories, higher incentives help buyers.

Exxon wants to drill enough lithium out of Arkansas to power 1 million EVs per year.

Hyundai joins Honda, Toyota in raising wages after auto union wins gains in deals with Detroit Three.

Porsche Turbo models to get new badge in exclusive Turbonite Gray.

Vehicles with higher, more vertical front ends pose greater risk to pedestrians, according to research from the Insurance Institute for Highway Safety.

BMW ends ICE production in Germany with last V8, but won’t give up on combustion power.

RECALLS

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

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