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- 🚗 Cybertruck price higher than expected
🚗 Cybertruck price higher than expected
Plus: Current auto industry changes, GM and Ford suffer from UAW strikes, latest recalls, and more.
Happy Friday morning. This is Car Alerts back in your inbox after our Thanksgiving break. We’ve got some juicy car news to get you back up to speed.
In today’s edition:
Cybertruck priced 50% higher than expected
Consumer Reports’ reliability survey
Latest auto industry changes
UAW strikes hurt Ford and GM
and more
MARKETS 📈
Note: Stock market data as of Thursday’s market close.
HEADLINES 📰
Trade winds are shifting in the auto business as EV adoption is slower than expected, and high rates affect consumers.
EVs have 79% more reliability problems than gas cars, says Consumer Reports in its reliability study
Ford pegs cost of UAW labor deal at $8.8 billion, cuts full-year profit view.
GM sees $9.3 billion hit from labor deals, outlines $10 billion stock buyback.
Toyota's October global output hits record despite supplier accident.
Thousands of autoworkers at Toyota, Honda and others move to unionize after UAW victory over the Detroit Three.
Swedish court sides with Tesla over blocked license plates.
RECALLS
MEDIA
This week Elon showed off the new Cybertruck racing a Porsche and Ronnie Fieg teased Kith’s upcoming BMW 850 diecast replica.
Beats a Porsche 911 while towing a 911
— Elon Musk (@elonmusk)
9:01 PM • Nov 30, 2023
That’s all we have for you this week. We’ll see you next Friday morning with more car content.
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