🚗 New record for consumer spending

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

In today’s edition:

• Consumer spending at all-time highs

• Tesla hikes prices

• Automakers focus on hybrids

• EPA adopts new emissions rules

• Latest recalls

• and more

MARKETS 📈

HEADLINES 📰

Q1 consumer spending reaches record level, vehicle sales continue to grow in March.

Tesla shares gain after Model Y price hike in US, Europe.

US automakers race to build more hybrids as EV sales slow.

EPA adopts new vehicle emissions rules preferred by automakers and labor unions.

UAW says workers at VW Tennessee plant file for union election.

Audi committed to launching last gas-powered car by 2026.

Rivian starts offering adapters to access Tesla’s Supercharger network.

US agency probes driver assistance system use in fatal Ford crash.

Fisker pauses production with just $121M in the bank.

Musk defends his ketamine use as beneficial for investors in new video.

RECALLS

Jaguar turn signal problems have caused a recall of 2021-2024 Jaguar I-Pace vehicles.

9,300 Porsche 911 cars are recalled in the U.S. and Canada because the front windshields and rear windows could detach.

Chrysler recalls 30,000 model year 2022-2023 Ram ProMaster vans.

Ford has recalled its 2022-2023 Maverick Hybrid trucks because the instrument panel speedometer, warning lights and gauges may not properly illuminate.

42,000 model year 2023-2024 Dodge Hornet and Alfa Romeo Tonale vehicles are recalled over incorrect vehicle weight capacity values.

Nissan recalls 70,000 LEAF electric cars because of rearview camera wiring harnesses.

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

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