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- 🚗 New car prices decline
🚗 New car prices decline
Plus: Shift files bankruptcy, UAW still on strike, Tesla price cuts, and more.
Happy Friday morning. This is Car Alerts with your weekly roundup from the world of cars.
In today’s edition:
New car prices decline
UAW still on strike
Shift files bankruptcy
Tesla cuts prices…again
and more
MARKETS 📈
Note: Stock market data as of Thursday’s market close.
HEADLINES 📰
New-vehicle transaction prices decline further in September, led by price cuts at Tesla.
UAW escalates strike by taking out Ford's largest factory where it makes highly profitable trucks.
Tesla keeps chopping prices, making its cars cheaper than even gas competitors.
Used car marketplace Shift files for bankruptcy after inability to restructure debt and gain additional financing.
Tesla missed its Q3 target for the Cybertruck delivery event.
Ford, Hyundai turn to Italian casting machine maker IDRA (a Tesla supplier).
GM, Canadian union reach tentative agreement, ending strike involving 4,300 workers.
2024 Genesis G80 and Electrified G80 earn TOP SAFETY PICK+ awards from IIHS.
RECALLS & LAWSUITS
Toyota recalls 43,000 more vehicles, including Corolla and Highlander models, following a July 2023 recall.
GM has recalled about 4,000 model year 2024 trucks over steering control risk.
GM recalls 11,000 Buick Verano and Chevy Cruze vehicles in the U.S. and Canada due to airbag issues.
Nissan recalls nearly 11,000 Ariya SUVs with electrical problems.
Honda 9-speed transmission problems have caused a class action lawsuit for all current and former owners or lessees.
That’s all we have for you this week. We’ll see you next Friday morning with more car content.
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