GM lays off 1,000

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

In today’s edition:

• GM’s layoffs

• BMW passes Tesla in Europe

• Advance Auto Parts stock nosedives

• Recent recalls

• and more

MARKETS 📈

HEADLINES 📰

GM lays off more than 1,000 salaried software and services employees

Advance Auto Parts stock plunged 17% Thursday to its lowest level of 2024

GM investing $918MM in four U.S. facilities for V-8 engine production, EV Components

BMW overtakes Tesla in European electric car market

Toyota’s U.S. branch has reportedly suffered a massive data breach, leaking over 240GB of data

Customers favor AI-based technologies but automakers may not have best advanced tech strategy

Ford delays new EV plant, cancels electric three-row SUV as it shifts strategy

GM-owned Cruise will partner with Uber to offer driverless rides

Volkswagen EV minivan will cost $59,995 for just 234 miles of range

U.S. DOT launches framework to deploy vehicle-to-everything technology nationwide

Tesla Cybertrucks are being delivered to customers covered in dirt and full of trash

RECALLS

Ford recalls over 70,000 vehicles over window reversal failure

BMW recalls more than 720,000 vehicles because the water pumps can short-circuit and catch fire

A Buick Envision floor mat recall includes nearly 35,000 SUVs

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

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