Millions of Subarus hacked

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

In today’s edition:

• New-car retail sales forecast

• Subaru’s major security flaw

• Tesla’s new Model Y

• Recent recalls

• and more

MARKETS 📈

HEADLINES 📰

New-vehicle retail sales expected to rise 4.8% while consumer spending expected to set a record for January

Hackers found a way to remotely unlock, start, and track millions of Subarus

Tesla’s redesigned Model Y is coming to North America in March for $60,000

US agency sues two automakers, alleging discrimination and harassment

Advance Auto Parts closing all California stores

Porsche to shut 30% of its dealerships in China after sales tumble

China's BYD to complete $1 billion Indonesia plant by year-end, executive says

EV maker VinFast's losses heap pressure on parent Vingroup as foreign investors sell

Shelby American is building its own Ford Mustang GT350

RECALLS

Land Rover touchscreen failures cause recall of 31,000 vehicles

A Chevrolet Equinox EV recall in Canada and the U.S. involves about 8,500 vehicles

More than 83,000 Jeep Cherokees are recalled because they could lose drive power or possibly roll away

Kia recalls 75,000 Sorento, Sorento Hybrid and Sorento plug-in hybrid vehicles due to software

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

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