Columbus, OH

The Associated Press

DETROIT (AP) — Investors are punishing automakers’ stocks this week after second-quarter earnings reports exposed industrywide issues of slowing sales and high prices, just as the companies are having to spend huge sums to make new electric and gas vehicles. Each auto company has unique problems, but common to many are growing vehicle stockpiles on dealer lots, requiring increased discounts to sell them to buyers with stressed-out household budgets. Ford Motor Co., which reported a drop in second-quarter earnings due electric-vehicle losses and persistently high warranty costs, led the declines. Its shares have fallen 20% this week. But others such as General Motors, Tesla, Stellantis and Nissan, all saw their shares drop about 8% or even more. Carlos Tavares, CEO of Jeep and Ram maker Stellantis, said a significant auto-industry storm he’s been warning about for several years has arrived. “We are in it,” he told reporters after releasing disappointing earnings Thursday. “For me, it’s a no brainer that this industry is going to be in turmoil.”

Automakers hit 'significant storm,' as buyers reject lofty prices at time of huge capital outlays

Good morning! It’s Tuesday, July 23, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Suggested Reading. Huge Whale Capsizes Fishing Boat Off East Coast Of U.S.

Tesla's Aging Cars Aren't Selling So Elon's Making Promises About AI And New Models

EV sales were up 14 percent last quarter compared to Q1 2024. That’s good news, but it’s a little more complicated than that. Those sales were up thanks to big incentives on top of the existing EV tax credits, making some models a no-brainer buy. Automakers can’t continue to count on incentives to move metal — people have to want EVs because they actually want them.

Here Is Every Automaker With Scaled-Back EV Plans So Far

CarBuzz.com

Following GM's decision to slow down on its ambitious EV goals, the automotive giant has confirmed that it has altered the production timeline of its electric vehicles (EVs). The affected vehicles are Buick's first EV, plus the pair of electric full-size pickups, the Silverado EV and GMC Sierra EV. GM CEO Mary Barra shared the news in an earnings call with analysts this week, Automotive News reports.

We Have Bad News About GM EVs You’ve Been Waiting For

Good morning! It’s Thursday, August 1, 2024, and this is The Morning Shift, your daily roundup of the top automotive headlines from around the world, in one place. Here are the important stories you need to know. Suggested Reading. These Are The Worst-Selling Cars In 2024 (So Far) [Update]

Another Deadly Airbag Recall Could Hit 49 Million Cars

MotorBiscuit


See the top 10 best-selling truck models year-to-date here.
The post An American automaker is beating Ford in overall truck sales appeared first on MotorBiscuit.

An American automaker is beating Ford in overall truck sales

USA TODAY

The NHTSA recently announced recalls for 57,741 vehicles. This includes Ford, Toyota and General Motors vehicles.

Ford, Toyota, General Motors among 57,000 vehicles recalled: Check car recalls here

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NewsNinja

One Walmart shopper is issuing a warning against buying meat at the massive retail chain—but the reason why isn’t strictly tied to Walmart. It seems that customers at stores such as Walmart believe it's acceptable to grab perishable items, such as meat or dairy, and then place them on any available shelf if they decide they no longer want them.

Walmart customer shares why they will never shop for meat at the store leaving viewers torn

Motor1.com

If you’re in the market for a family car in 2024, you’re probably looking at a crossover or SUV. These all-terrain, all-weather, haul-all-your-stuff vehicles have been dominating the US auto market for years, and 2024 is no different. Here, we’ve gathered the most popular SUV and crossover models...

10 Best-Selling SUVs of 2024 (So Far)

North Carolina State

Town Talks

Death Disclosure Laws and Property Disclosures in North Carolina. In North Carolina, there is no legal obligation for homeowners or real estate agents to disclose if a death has occurred in a home, whether by natural causes, murder, or suicide. However, if a potential buyer directly inquires about any deaths on the property, the seller is required to provide that information.

If someone dies at your house do you have to tell a potential buyer? What North Carolina law says

CBS News

Whether you're a busy professional seeking comfortable transportation, a parent seeking reliability and low cost in a family vehicle, or an outdoor enthusiast needing off-road capability, the used SUV market offers a spectrum of options for less than $35,000. The hard part is figuring out which SUV will be best for you. Edmunds' experts are here to help with what they consider are the five best-value used SUVs in this price range. Each has an appealing mix of functionality and style plus a proven ability to meet drivers' needs without breaking the bank. The following SUVs are organized by category;...

Here are the 5 best used SUVs for under $40,000, according to Edmunds

Hotrod Revival

Most people stereotype Japanese cars as affordable and reliable. Terms like 'exclusive,' 'rare,' and 'expensive' are usually reserved for European car brands. However, those who are into Japanese cars and the JDM scene know better.

Rare Japanese Cars Only Real Gearheads Know About

The NHTSA recently announced recalls for 1,913,157 vehicles. This includes Hyundai, Nissan and Tesla vehicles.

Hyundai, Nissan, Tesla among 1.9M vehicles recalled last week: Check car recalls here

The Motley Fool

Ford has lagged its competitors in earnings and stock price gains, but long-term investors still have core reasons to believe in its turnaround.

3 Reasons to Buy Ford Stock Now

Austin, TX

Axios Austin

We recently wandered into the Austin Aqua-Dome, the big blue dome off 290 — beside Uncommon Objects.Why it matters: It's a fun option for the family, fish lovers and anyone looking for a break from the heat.Austin trivia: The dome was built in 1986 and housed the Austin Aqua-Dome beginning in 1997.The store has 200 aquariums and holds an impressive amount of saltwater fish and corals, with fish coming "straight from the Philippines, Bali, Sri Lanka, Vanuatu, Visayas," per their website.Customers can also find options for their outdoor ponds like water features, koi, goldfish and plants. The exterior of the...

Austin Aqua-Dome sells hundreds of exotic fish

Los Angeles, CA

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L.A. TACO

L.A. TACO has identified the police officer seen in a viral video sucker-punching a detained man named Alexander Mitchell in Watts over the weekend as Los Angeles Police Department Officer (LAPD) Joshua Sportiello.

LAPD Officer Identified After Punching Detained Man In Face In Watts On Video

Virginia State

Axios Richmond

Since 2020, emergency department visits in Virginia by patients who said they vape jumped significantly, while visits by those who use traditional tobacco declined, according to stats from Virginia Hospital & Healthcare Association. Why it matters: The data suggests a shift away from traditional tobacco, like cigarettes and chewing tobacco, in favor of vapes and e-cigarettes, VHHA tells Axios. The big picture: The statewide shift mirrors broader trends. Traditional tobacco use has been steadily declining for decades, according to the CDC, as e-cig and vape use soars, particularly among children, per the World Health Organization. Zoom in: Last year, 49,356...

Virginia ER visits suggest a shift from cigarettes to vapes

Birmingham, AL

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Valrico, FL

Akeena

In a recent announcement, The Fresh Market, a beloved grocery chain in Florida, is bidding farewell to its Valrico location. The store, located in one of the fastest-growing areas of the U.S., has cited uncontrollable inflation as a driving force behind its closure, echoing broader economic challenges impacting even higher-end retailers.

A grocery chain in Florida is unexpectedly closing down

Illinois State

Chicago, IL

Foodie in Chicago

MOD Pizza has over 500 locations across the country with 22 restaurants in Illinois. The Washington-based chain offers fast-casual fare known for its customized, artisan-style pizzas. Customers can choose from over 40 toppings and 8 sauces to create their own masterpiece.

Bankruptcy Looms for Major Pizza Chain With Chicago Suburban Locations

Jeep has some much-needed small SUVs in the pipeline. That includes replacements for the Jeep Cherokee SUV and a new $25,000 Jeep Renegade, plugging holes in the lineup that have hurt the bottom line at Stellantis. The next-generation Jeep Cherokee compact SUV will be available in 2025 to complement the larger Grand Cherokee, Stellantis CEO Carlos Tavares confirmed during a call to discuss first-half earnings, which he called disappointing and humbling, especially in North America.

Small and Affordable Jeep Cherokee and Renegade SUVs are Returning

Axios

NewsBreak

China posing \"major challenge\" to foreign automakers

The world's biggest automakers are faltering in China. Why it matters: China was once a source of significant sales growth for foreign automakers like Volkswagen, Toyota...

China posing "major challenge" to foreign automakers

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