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- June retail sales higher from 2024
June retail sales higher from 2024
Happy Friday morning. This is Car Alerts with your weekly recap of the latest car news and market happenings.
In today’s edition:
June new-car sales numbers
Tesla’s disappointing earnings
Honda revives Prelude model
GM and Stellantis’ financial results
Recent recalls
and more
MARKETS 📈
Note: Stock market prices as of Thursday’s market close.
HEADLINES 📰
New-vehicle retail sales up 4.1% for July and consumer spending sets record for month with $49.8 Billion spent on new vehicles
Tesla stock slides after earnings miss, Musk warns of 'few rough quarters'
General Motors' Q2 profits drop $1.1B after taking tariff hit
European car sales slump in June as automakers' woes deepen
Chinese car brands continue their ascent, outselling Mercedes in June and Ford in H1
Jeep maker Stellantis says it will lose $2.7 billion in first half of 2025 due partly to tariffs
Tesla opens retro-futuristic diner as Elon Musk hints at more locations
Honda Prelude revives iconic name with Civic Type R’s advanced suspension and chassis architecture
RECALLS
Mercedes-Benz recalls 45,000 Metris vans after infotainment problems caused camera image issues
Ford recalls 765,000 vehicles equipped with 1.5-liter engines that can catch fire
General Motors recalls 1,800 trucks because the roof-rail airbag inflators may explode
That’s all we have for you this week. We’ll see you next Friday with more car content.
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