Supply Chain & EV. Gas is out, Electric is in.

Shortages continue, Ford planning new EV plant, and Tesla expanding.

February 24, 2023

Happy Friday morning. This is Car Alerts with your curated weekly email of all things cars.

Today’s email covers:

  • More supply chain issues

  • Tesla expanding in California

  • Michigan seeking $750MM for Ford plant

  • New Jersey plans for EV-only sales

MARKETS

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

HEADLINES

Automakers struggle with production challenges outside of chip shortages. Supply chain issues surfacing as a result of an industry-wide transition to EV. (Read here)

Tesla’s engineering headquarters to call California home, despite Elon’s previous criticism of the state. (Read here)

Michigan is preparing for a Ford EV plant and local economic development officials are asking lawmakers for $750MM for the build. (Read here)

New Jersey plans on phasing out gasoline-powered cars by 2035. The plan was put into action by Governor Phil Murphy this week, following in California’s footsteps. (Read here)

COOL CARS FOR SALE

[European] ‘94 Porsche Speedster: One of just 427 sent to the US.
[Muscle] ‘68 Plymouth Road Runner: Family-owned with a 426 hemi.
[Truck] ‘90 Dodge Ram D350: Old school dually with fresh paint and interior.

FUNNIES

That’s all for this week. We’ll see you next Friday morning with more curated content from the car world.

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