GM outperforms with strong vehicle demand 🚗

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

In today’s edition:

• GM smashes Q1 earnings

• J.D. Power’s latest study

• Tesla’s poor Q1 results

• TN Volkswagen factory joins union

• Recent recalls

• and more

MARKETS 📈

HEADLINES 📰

GM sets first-quarter revenue record for North America.

New-vehicle retail sales increase in April but fleet sales decline.

Tesla profits drop 55%, company says EV sales ‘under pressure’ from hybrids.

UAW wins big in historic union vote at Volkswagen Tennessee factory.

Retail used-vehicle sales up more than 5% year over year.

2025 Mercedes Electric G-Wagen rolls out, retaining its intimidating proportions.

Volkswagen holds keys to Porsche's race against Ferrari.

Fisker plans more layoffs as cash dwindles and bankruptcy looms.

Subaru Legacy will cease production at the end of the 2025 model year.

Honda plans $11 billion investment to build EV value chain in Ontario, Canada.

Rivian targets gas-powered Ford and Toyota trucks and SUVs with $5,000 ‘electric upgrade’ discount.

Tesla launches new Model 3 Performance.

Kia Reveals first official image of Tasman pickup truck.

Lamborghini unveils Urus SE, the first plug-in hybrid super SUV.

2025 Ram 1500 RHO is a V-8-less TRX that costs about $26K less too.

RECALLS

Kia recalls 48,000 EV6 vehicles following a federal investigation into vehicles that lost power.

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

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