On December 13, 2023, the automotive world saw a variety of significant news stories:
- Tesla’s Massive Recall: Tesla has announced a significant recall affecting nearly all its vehicles on U.S. roads to address Autopilot control issues. The recall, which involves an over-the-air update, covers 2.03 million Model S, X, 3, and Y vehicles. This update is in response to concerns about increased crash risks when Autopilot is engaged and drivers are not fully attentive.
- Ford F-150 Lightning Production Cut: Ford Motor Company has decided to halve its production target for the F-150 Lightning electric pickup in 2024. This decision is driven by lower-than-expected demand for electric vehicles in the U.S., resulting in a reduction of weekly production from 3,200 units to 1,600 at its Dearborn, Michigan factory. This change reflects broader challenges in the EV market, including high prices and rising interest rates.
- Automotive Industry Updates: Several developments have been reported in the automotive sector:
- Cheema Freightlines partners with Platform Science to deploy a connected vehicle platform across its fleet of over 500 trucks.
- A report by DP World and Canary Media explores the dynamics of the electric vehicle supply chain.
- Fisker Inc. opens a showroom, service, and delivery center near San Diego.
- Iteris introduces an integrated detection and connected vehicle system for safety applications.
- The automotive financing landscape is changing, with shrinking access for near- and non-prime consumers.
- General Motors Drops Apple CarPlay, Android Auto: GM has cited safety concerns as a reason for its decision to drop Apple CarPlay and Android Auto from its vehicles.
- Other Industry Highlights:
- Asbury Automotive Group completes a $1.2 billion acquisition of Jim Koons Automotive Companies, adding 20 dealerships to its portfolio.
- Palmiero Toyota dealership’s Give Back Program donates over $65,000 to 48 local nonprofits.
- Lexus RX receives top honors in The Car Expert awards.
- The new ID.7 achieves a five-star safety rating in the Euro NCAP assessment.
- Steadier EV charge costs are setting the pace for Christmas travel, according to the AA EV Recharge Report.
