Ford bets big.

Happy Friday morning. This is Car Alerts dropping in with another curated weekly email of all things cars.

Today’s email covers:

• Ford investing billions

• Tesla’s recent investigation

• Layoffs at Lucid

• Group 1’s latest acquisition

• Pricing options for Dodge’s 1025 horsepower Challenger

MARKETS

HEADLINES

Ford is investing in a $4.5 billion nickel processing plant in Indonesia in an effort to improve their supply chain and lower electric vehicle production costs. (Read here)

Tesla Model X's are the target of the NHTSA's latest investigation. The issue? Reported seat belt failures in 2022-2023 models. (Read here)

Lucid Motors is laying off 18% of employees across their organization, including executive-level staff. (Read here)

Group 1 Automotive acquired Florida’s Estero Bay Chevrolet. The purchase is estimated to generate $150 million in annual revenue and is the latest addition to Group 1’s two hundred dealerships. (Read here)

Dodge released pricing options for their upcoming monster. The 1025 horsepower Challenger SRT Demond 170. Highlights include $5,995 for the premium interior and $11,495 for carbon fiber two-piece wheels. (Read here)

COOL CARS FOR SALE

1993 Mazda RX-7: Pristine example of a Japanese legend.
1972 Volvo 1800: Tastefully restored. One of Volvo’s best.
1995 Mercedes-Benz SL600 AMG: Low mileage, raw German power.
1988 Ferrari Testarossa: Fully serviced, gated 5-speed manual.
1963 GMC 1000: Custom build with a big block V-8.

FUNNIES

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

Please send us a note on Twitter (@CarAlerts) if you have any feedback or want to get in touch.