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- CarMax stock plummets as CEO steps down
CarMax stock plummets as CEO steps down
Happy Saturday morning. This is Car Alerts with your weekly recap of the latest car news and market happenings.
In today’s edition:
CarMax CEO steps down
Rivian and Tesla approve massive CEO pay packages
Tariffs impact buying decisions
Recent recalls
and more
MARKETS 📈
Note: Stock market prices as of Friday’s market close.
HEADLINES 📰
CarMax stock falls 24% as CEO steps down, used car retailer releases weak outlook
Rivian stock surges over 20% after Q3 beat, R2 midsize SUV on track for 2026
EV maker Rivian gives CEO a Musk-style pay package worth up to $4.6 billion
Toyota “can barely cover the demand” for its cars
Tesla delays reveal of production Roadster 2 to April Fools’ Day
Car buyers face delays as chip crisis hits automakers hard
BMW is killing its M Competition models, but for good reason
BYD Sales Dip 12% in October as China EV Market Cools
RECALLS
About 35,000 rebuilt Ford 10R80 transmissions are recalled to check if they are missing T10 bearings
More than 406,000 Honda Civics recalled to look for 3,276 defective wheels
More than 340,000 Jeep hybrids recalled following 19 Samsung battery fires
Ford has recalled nearly 71,000 Flex SUVs because the front B-pillar door trim can detach
Mazda recalls 1,000 SUVs because loose bolts can cause front suspension parts to break
A VinFast VF 8 recall includes more than 9,300 SUVs to update the software for the Lane Keep Assist systems
That’s all we have for you this week. We’ll see you next week with more car content.
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