Recalls, so many recalls

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

In today’s edition:

  • Financial results from top automakers

  • Yelp buys auto repair website

  • Recent recalls (there are a lot)

  • and more

MARKETS 📈

Note: Stock market data as of Thursday’s market close.

HEADLINES 📰

Inventory and pricing drive gains in sales satisfaction but other areas have modest improvement, J.D. Power finds

Toyota to post first profit drop in 2 years as demand cools after big run

Rivian takes major revenue hit as supplier problem persists

Lyft stock surges more than 20% on strong outlook, sales beat

Lucid beats revenue estimates, reaffirms annual production

RECALLS

Nearly 34,000 Ram 1500 trucks are recalled because the electronic stability control systems may fail

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

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