Tesla struggles in Europe

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

In today’s edition:

  • KBB’s ‘Best Buy Award’ winners

  • Honda/Nissan merger fizzles out

  • Tesla sales struggle in Europe

  • Recent recalls (mainly from Toyota)

  • and more

MARKETS 📈

Note: Stock market prices as of Friday morning.

HEADLINES 📰

Supersizing vehicles offers minimal safety benefits — but substantial dangers, IIHS finds

Porsche shares tumble as carmaker warns cost of new models to dent 2025 margins

Mitsubishi Motors profit forecast down 76% due to sluggish sales, high costs

Korea pumps $23 billion into EV batteries and biotech in bid to spur growth

RECALLS

Toyota recalls 110,000 Tacomas equipped with 16 inch brakes and 17 inch Toyota wheels.

More than 20,000 model year 2025 Forester SUVs need their 18 inch aluminum alloy wheels checked.

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

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