Carvana posts best financial quarter ever 🚗

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

In today’s edition:

• Carvana shares up over 30%

• NHTSA’s new safety mandate

• Tesla’s latest headlines

• Recent recalls

• and more

MARKETS 📈

HEADLINES 📰

Carvana stock price is soaring after the ‘best financial results in company history’.

US to require new cars to have emergency braking systems by 2029.

Elon Musk in China to discuss enabling Full Self Driving technology.

BorgWarner raises full-year 2024 adjusted profit outlook.

Rivian wins $827M incentive package to expand Illinois factory for R2 production.

Musk lays off top Tesla senior executives in fresh job cuts, The Information reports.

US Supreme Court won't hear Elon Musk dispute over SEC settlement.

Designer Adrian Newey will leave Red Bull in the first quarter of 2025, after 19 years at the F1 team.

GM's Cadillac backtracks, says gas vehicles likely to stay in lineup beyond 2030.

Ford’s BlueCruise hands-free system under investigation after fatal crashes.

Customers appreciate aftermarket service providers for their convenience, J.D. Power finds.

Solid rear-passenger protection boosts Hyundai Ioniq 5 to highest IIHS award.

Fisker starts new round of layoffs to ‘preserve cash’.

RECALLS

BMW head airbag inflator recall includes about 6,000 vehicles because of problems with the weld joints.

2022-2024 Ford Maverick tail light recall affects about 243,000 trucks with tail lights that may fail because of body control module problems.

More than 15,000 model-year 2022 Jeep Cherokees are recalled because the turn signal self-canceling features may not function properly.

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

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