Summary
- Chinese car ban could cut car sales and raise prices in the US
- Volvo joins calls for gas car ban in Europe by 2035
- Aston Martin slashes 1,000 cars from 2024 targets due to demand and supply chain issues
- Toyota recalls 42,000 cars in the US over brake faults
- Ways to check if your car is affected by a recall
Article
The Chinese car ban could potentially have significant impacts on car sales and prices in the United States. Lawmakers are working on legislation to restrict the import and sale of Chinese electric vehicles due to concerns about national security vulnerabilities. The proposed ban could result in up to 25,000 fewer vehicle sales annually and raise prices for some models. The ban would initially focus on restricting software from China and later expand to hardware by 2030. The goal is to reduce the risk of data theft and remote manipulation of connected vehicles. However, the proposed rules are facing backlash from automakers and could potentially make American vehicles less competitive in the global market.
Volvo has joined a group of 50 brands calling for a ban on new gas-powered cars in Europe by 2035. The Swedish automaker is aligning with other companies to support electrification as a way to reduce carbon emissions. The EU’s proposed ban on gas-powered cars is facing resistance from some countries, but proponents argue that it will help the bloc compete with China in the EV space. Volvo’s CEO emphasizes the importance of the 2035 target to ensure European competitiveness and align stakeholders on the journey towards electrification.
Aston Martin has slashed its sales targets for 2024 by around 1,000 cars due to demand and supply chain issues. The British automaker is facing supply chain disruption and weak demand in China, leading to a reduction in its annual sales forecast. The company is also experiencing delays in vehicle completion due to late-arriving components. Aston Martin is not alone in struggling to meet sales goals, as other automakers like Toyota, VW, BMW, and Mercedes have also adjusted their targets for 2024. Despite efforts to refresh its lineup and compete in the luxury car market, Aston Martin is still facing challenges in meeting its sales projections.
Toyota has announced a recall of over 42,000 U.S. vehicles due to a loss of power brake assist that could extend the distance required to stop. The recall affects certain 2023-2024 Corolla Cross Hybrid models, and is attributed to a software error in the electronic control unit. A loss of power brake assist can increase the risk of a crash by extending stopping distances. Toyota will provide a free software update to affected vehicles to address the issue, with owners being notified starting on November 5, 2024. If you are concerned about whether your vehicle is impacted by a recall, you can use the NHTSA’s app or website to check your VIN.
In music news, Alex Turner’s ‘Piledriver Waltz’ is playing on the radio. The submarine-themed song adds a unique touch to the morning’s headlines.
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