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- 🚗 Car loans get tough
🚗 Car loans get tough
Plus: Yellow files bankruptcy, UAW negotiates with Detroit 3, new Porsche S/T, and more
Happy Friday morning. This is Car Alerts with your weekly update from across the fast-moving world of cars.
In today’s edition:
Banks reject more car loans
Yellow files bankruptcy
Union negotiates with Detroit 3
Porsche’s new 911 S/T
and more
MARKETS 📈
Note: stock market data as of Thursday’s market close.
HEADLINES 📰
UAW seeks double-digit pay hikes in Detroit Three (Dodge, GM, Ford) auto contract talks.
Ford lowers EV targets for 2023, blaming vehicle prices for the slowdown. They are speeding up production of their electric F-150 Lightning, however.
Porsche reveals 911 S/T to celebrate 60th anniversary of iconic 911 model.
Yellow (99-year-old trucking firm) files for bankruptcy after failing to refinance debt.
New vehicle sales accelerate in July, up 15% from last year.
Toyota nearly doubles Q1 profit, China remains challenging.
Tesla completes acquisition of Wiferion, a German wireless charging company.
Ferrari has a strong Q2, with lucrative personalizations helping lift forecasts.
Tesla accused of ‘evading the law’ to open facility at Mohegan Sun (Connecticut).
Indian officials continue discussions with Tesla to build new factory and EV supply chain.
Jeep releases “Jurassic Park Package” for Wrangler and Gladiator in an extremely limited production of 100 units.
Toyota reveals new generation Land Cruiser for the U.S. market.
Nissan reveals new Z Nismo, only available in a 9-speed automatic.
RECALLS & LAWSUITS
NHTSA investigates Tesla over Model X and Model 3 customer complaints.
Ford recalls over 870,000 F-150 trucks due to self-activating parking brake.
Hyundai and Kia recall 92,000 cars over oil pump fire risk.
Ford recalls over 112,000 Transit Connect vans over faulty door latch that may open while driving.
COOL CARS FOR SALE
HUMOR
That’s all we have for you this week. We’ll see you next Friday morning with more car content.
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