🚗 How a new company is worth more than Ford and GM

Plus: Tesla lowers prices, Mid-size safety ratings, Ford's new Mustang, and more.

August 18, 2023

Happy Friday morning. This is Car Alerts with your weekly update from the fast-paced world of cars.

In today’s edition:

  • VinFast goes public

  • Tesla lowers prices

  • Honda Accord outperforms in safety

  • Ford’s 800 HP Mustang

  • and more

MARKETS 📈

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

HEADLINES 📰

VinFast (Vietnamese EV producer) went public this week with a market cap greater than Ford and GM.

Tesla launches cheaper Model S, X versions in US with shorter ranges.

Ford reveals 2025 Mustang GTD, a limited production with 800 horsepower and a $300,000 price tag.

New York fines Avis Budget $275,000 for denying car rentals to people who lack credit cards.

Stellantis invests more than $100 million in California lithium project.

Ford hires former Apple executive to build high-margin digital services.

UAW presses for strike vote by August 24th at Detroit Three automakers.

Ford sees roaring demand for new Mustang with V-8 engine with two-thirds of orders opting for larger motor.

Catalytic converter thefts down nationwide, but still 2100% higher than 2019.

Ford and partners pick Canada for $900 million battery materials plant.

Ford makes BlueCruise driver assistance standard, available as a subscription.

Meyers Manx unveiling “Resorter” neighborhood EV at “The Quail, a Motorsports Gathering.”

Ford Bronco drops base model, now starts over $41,000.

RECALLS & LAWSUITS

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

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