New car prices down from last year

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

In today’s edition:

  • New car prices down from last year

  • Musk reveals Robovan

  • Toyota’s warning of an all-EV future

  • Latest industry research

  • Recent recalls

  • and more

MARKETS 📈

HEADLINES 📰

New-vehicle prices end Q3 lower year-over-year; incentive spending increases for third straight month

Elon Musk unveils the Robovan: the biggest surprise from Tesla’s “We, Robot” event

Stellantis CEO Carlos Tavares to retire in 2026 as automaker struggles in North America

Toyota to return to F1 in partnership with Haas

GM will dump “Ultium” branding, rethink how it does batteries

RECALLS

Porsche recalls about 31,000 Taycans because short circuits may cause battery fires

Mercedes recalls 12,000 GLE-Class vehicles to repair front airbag issues

About 130,000 Ram 1500 trucks recalled because of steering column control module problems

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

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