Major Recalls & Safety Concerns
Hyundai: Recalling over 421,000 Tucson and Santa Cruz vehicles due to a software bug causing unexpected braking. Additionally, over 54,000 Elantra Hybrids are being recalled for fire risks related to the power control unit.
Waymo: Paused U.S. freeway robotaxi operations to address construction zone performance issues. This follows a previous recall involving a software defect that hindered stopping in flooded road conditions.
Ford: Recalled 1.4 million F-150 trucks due to an unexpected downshifting issue, as well as over 140,000 Ranger trucks due to wiring-related fire risks.
Harley-Davidson: Two separate recalls affecting nearly 90,000 motorcycles for oil ejection risks and nearly 17,000 bikes for potential brake failure.
Tesla: Recalling 173 Cybertrucks due to an 18-inch steel wheel detachment risk.
Honda: Recalling nearly 99,000 Honda and Acura vehicles (model years 2016-2026) in the U.S. due to a defect that may cause airbags to deploy unintentionally during a crash.
Industry Updates & Market Shifts
Ferrari: Unveiled its first fully electric car, the "Luce," with a reported starting price of approximately $640,000.
Stellantis: Announced a $70 billion turnaround strategy centered on 60 new models and increased factory efficiency.
Honda: Reported its first annual loss since 1957, attributed to $9 billion in restructuring costs related to its electric vehicle strategy.
Collaborations: Ford is teaming up with Filson for a new rugged Bronco SUV and with Carhartt for a new Super Duty truck; Hertz and Uber are partnering to manage robotaxi fleets.
Trade & Pricing: President Trump has reimposed a 25% tariff on EU-imported vehicles, while Ford has introduced nationwide employee pricing on most 2025 and 2026 models to mark America's 250th anniversary.
Thanks for reading everybody!
-Paul
