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- Tariffs cost Volvo $1 Billion
Tariffs cost Volvo $1 Billion
Happy Friday morning. This is Car Alerts with your weekly recap of the latest car news and market happenings.
In today’s edition:
Volvo crushed by tariffs
Uber teams up with Lucid
Tesla enters India
Ford issues record 90th recall
Porsche raises prices, again
Recent recalls
and more
MARKETS 📈
New this week – we added Ferrari (RACE), Polestar (PSNY), and Lucid (LCID) to our list of equities.
Note: Stock market prices as of Thursday’s market close.
HEADLINES 📰
Volvo Cars books $1 billion impairment charge due to tariffs, launch delays
Uber to invest $300 million in EV maker Lucid as part of robotaxi deal
Ford just issued its 90th recall this year, which will cost the brand $500MM
Tesla enters India with $70,000 Model Y as Musk yields to steep tariffs
Porsche hikes prices for second time in 4 months, base 911 Carrera now $134,650
Lexus LFA successor makes first official outing on Goodwood Hill
Nissan suspends US production for three models for Canadian market
Hyundai to challenge Tesla with 48V system upgrade for all its cars and Boston Dynamics robots
GMC Hummer EV outsold the Tesla Cybertruck last quarter
Jaguar Land Rover is to cut up to 500 management jobs in the UK, as the carmaker faces pressure on sales and profits from US trade tariffs
Rivian restarting work on its Georgia factory, emails show
GM parters with Redwood Materials to power data centers with US-built batteries
RECALLS
That’s all we have for you this week. We’ll see you next Friday with more car content.
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