Good morning! It’s Monday, September 30, 2024, and here are the latest automotive news stories you need to know.
Lawmakers in the United States are considering a ban on Chinese electric vehicles due to concerns about national security vulnerabilities. This ban could potentially lead to a decrease in car sales and an increase in prices for some models. Experts predict that up to 25,000 fewer vehicles could be sold annually in the U.S. if the ban is implemented. Additionally, the ban could prevent $1.5 billion to $2.3 billion in vehicle inputs from Chinese or Russian companies. These proposed restrictions are set to take effect for the 2027 model year, with a gradual phase-out of Chinese software and hardware by 2030.
Volvo has joined a group of 50 companies urging the European Union to maintain its 2035 ban on new gas-powered cars. The ban is facing resistance from some EU countries, but proponents argue that it is essential for reducing carbon emissions and ensuring European competitiveness in the electric vehicle market. The ban is seen as a crucial step towards achieving EU goals for reducing carbon footprints.
Aston Martin has lowered its sales targets for 2024 due to supply chain issues and weak demand in China. The British automaker is facing challenges in meeting its production goals and expects annual sales to be around 1,000 vehicles lower than initially projected. Other automakers, including Toyota, VW, BMW, and Mercedes, have also adjusted their sales targets for the year due to lukewarm demand in China.
Toyota has announced a recall of over 42,000 vehicles in the U.S. due to a potential loss of power brake assist that could extend the stopping distance of the vehicles. The recall affects certain Corolla Cross Hybrid models manufactured between 2023 and 2024. Toyota will update the skid control software in affected vehicles free of charge starting from November 5, 2024.
If you are concerned that your vehicle may be affected by a recall, you can check the NHTSA app or website by entering your VIN to see if your car needs any fixes.
In conclusion, the automotive industry is facing challenges related to national security concerns, emissions regulations, supply chain issues, and safety recalls. These developments highlight the importance of staying informed about the latest news and updates in the automotive world to ensure the safety and reliability of vehicles on the road.
