🚗 New-car sales up from last Feb

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

New-car sales volume is up this February compared to last, with growth driven by high supply and manufacturer incentives.

The market is also seeing some notable price cuts from Ford and Mazda. As far as EVs go, Rivian and Lucid continue to struggle in different ways.

Now, let’s get into the rest of the email.

Here’s what else we’ll cover today:

• U.S. softens emissions goals

• Ford under UAW pressure (again)

• China’s BYD ramping up

• Porsche and Delta Airlines partner up

• Latest recalls

• and more

MARKETS 📈

HEADLINES 📰

Increasing new-vehicle sales drives record consumer spending.

U.S. to soften tailpipe emission rules, slowing EV transition through 2030.

Mercedes-Benz delays electrification goal, beefs up combustion engine line-up.

UAW workers at Ford's Kentucky truck plant threaten strike next Friday.

Delta is surprising flyers with flight transfers in a Porsche 911 GT3 RS at LAX.

China's BYD plans to launch 'high-end luxury' models from this year.

Lucid Motors will only build 9,000 EVs in 2024 after once predicting it would ship 90,000.

Rivian lays off 10% of workforce as EV pricing pressure mounts.

GM rushing to launch Chevy Silverado and GMC Sierra Hybrids.

Alfa Romeo Giulia and Stelvio Quadrifoglio models gone after 2024.

Kia EV9 already getting $7,000 markups from some dealers.

Ford cuts price of 2023 Mustang Mach-E by up to $8,100, offers 0% financing.

Mazda cuts 2024 CX-90 prices by up to $4000.

RECALLS

Toyota recalls over 280,000 Toyota Tundra, Sequoia and Lexus LX 600 models over transmission problems.

Volkswagen recalls 261,000 vehicles over fuel tank issue.

Fiat Chrysler recalls about 200,000 Jeep 4xe vehicles for defroster and defogger failures.

Toyota and Lexus backup camera problems have caused a recall of more than 19,000 vehicles that need software updates.

Ford is recalling its 2021-2022 E-350 and E-450 vehicles if they are equipped with dual rear wheels.

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

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