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- Top automakers post weak financials
Top automakers post weak financials
Plus: Old cars gain popularity, July sales bounce back, latest research, recent recalls, and more.
Ruben A
July 26, 2024
Happy Friday morning. This is Car Alerts with your weekly recap of the latest car news and market happenings.
In today’s edition:
>10 year old car sales up 30%
July auto sales bounce back
Weak financial results from top manufacturers
Recent recalls
and more
MARKETS 📈
Note: Stock market data as of Thursday’s market close.
HEADLINES 📰
July US auto sales to realize bounce from June impacts (cyberattack)
Tesla’s Q2 profit falls 45% as sales drop despite price cuts and low-interest loans
Nissan shares hammered as Q1 profit wiped out by U.S. discounts
Stellantis reports 48% drop in first-half net profit on weak U.S. sales
Hyundai Motor posts record Q2 profit on strong US sales
Nissan exec says Silvia could return as an affordable sportscar
GM slows its EV plans again even as sales grow
RECALLS
Toyota will replace over 100,000 faulty engines in the Tundra and Lexus LX
That’s all we have for you this week. We’ll see you next Friday morning with more car content.
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