Toyota's faulty transmissions

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

In today’s edition:

• Federal Reserve pivots

• Toyota issues transmission fix

• Automakers ease up on EV investments

• Recent recalls

• and more

MARKETS 📈

HEADLINES 📰

Fed Pivots: with a big cut, the journey to stronger retail demand begins

OEMs gently braking on EV investment

GM owners gain access to Tesla Superchargers, but adapters are needed

Drivers are more likely to multitask when using partial automation systems, IIHS finds

Toyota to replace faulty 8-Speed autos in 2024 Tacomas—but there’s a catch

Radar detector legend Michael Valentine has died

Research shows auto plants grew workforces after transitioning to EV production

Volkswagen ID.4 production halted in the US after its doors wouldn’t stay closed

Stellantis blames bad marketing for Maserati's poor sales, 2024 Q1/Q2 deliveries down 50% 

COBB Tuning Products and EPA reach settlement, including a $2.9MM fine

Fisker reverses course on making Ocean owners pay for recall repairs

NHTSA urges parents and caregivers to make sure car seats are installed correctly

RECALLS

Ford has recalled more than 5,200 Mustangs because the rear suspension knuckles can fail

Gulf States Toyota is recalling nearly 34,000 vehicles equipped with Gulf States accessories

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

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