Gasoline demand slowing🚗

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

In today’s edition:

• Gasoline demand decreasing

• NHTSA eyes Ford

• Rivian’s operating losses

• Recent recalls

• and more

MARKETS 📈

HEADLINES 📰

US agency raises safety concerns on Ford SUV fuel leak recall.

Gasoline demand growth to slow this year on EV growth in China, U.S.

Tesla retreats from next-generation ‘gigacasting’ manufacturing process.

Rivian loses $1.45B as cost-cutting measures continue.

Japanese automaker Nissan reports 92% jump in profit as sales surge.

Drivers are inhaling cancer-causing chemicals in their cars, new study finds.

U.S. automakers like GM are rapidly losing ground in China, once an engine for growth.

Ferrari shares decline as it sticks to full-year forecasts.

GM to end production of Chevy Malibu as it shifts to EVs.

Tesla's China-made EV sales fall 18% in April; shares slip.

Nissan tells dealers to sell cars at a loss (up to 10% below invoice).

2025 BMW M4 CS arrives with more power, sharper handling.

Hertz charges Tesla Model 3 renter $277 fee for gas.

RECALLS

Mercedes-Benz brake failure recall from 2022 expands by 15,600 vehicles over brake booster housing units.

GM recalls 74 Cadillac XT5 vehicles with driver's front airbag cushions that may tear.

Nissan recalls 9,600 Sentra with driveshafts that may not be fully seated to the transmissions.

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

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