Daily 5

Tuesday, August 13, 2024

Dodge brand is making noise, but is it the right kind of noise?

Welcome to today's edition of the Daily 5.

There has been plenty of speculation lately about the long-term future of Stellantis' legacy brands Dodge and Chrysler.

Well, in the story below by Vince Bond Jr., the CEO of Dodge is making it clear that the brand wants to gear up for an electrified future without losing its gasoline-fueled muscle car attitude.

While most automotive CEOs want customers to drive their cars — right? — sometimes there is an exception. Today, yet another "do not drive" warning came out about Takata's potentially lethal airbags in older vehicles still believed to be on U.S. roads. This latest warning came from Ford and Mazda. The never-ending crisis dates back to 1998. In fact, here's the first Automotive News story about Takata airbag development that we published Feb. 23, 1998.

Meanwhile, we've published several quality stories this week about electric vehicle batteries and this piece today about raw materials offers a valuable look at future supply chain challenges.

Looking ahead to tomorrow, we'll have a comprehensive story delving into the role recycling will play in the future production of EVs around the world.

That's it for now. Have a great rest of your day!

— Philip Nussel, online editor

Dodge Charger EV shuns silence to build battery-powered muscle

The artificial exhaust note of the Charger Daytona is part of Dodge's effort to convince fans of Hellcats, Scat Packs and Demons to try its EVs.

READ MORE >

Ford, Mazda advise against driving certain models over ongoing Takata airbag concerns

Since 2009, more than 30 deaths, including at least 26 in the United States, and hundreds of injuries have been attributed to Takata airbags installed in vehicles from various automakers.

Despite a lull, EV battery mineral shortages are expected to grow as autos compete with the demand from other industries.

In the coming weeks, GM and local partner SAIC will discuss possible capacity cuts as part of a strategic redirection for American nameplates sold in China.

Antilock braking system may activate at low speeds, increasing crash risk.

READ MORE >

Market close

Winners and losers
Here are the top 5 winners and losers among 65 automotive companies followed by Automotive News on U.S. stock exchanges today.

Top 5 winners

	Yesterday's close	Today's close	Percent change
Vroom Inc.	$5.62	$6.42	14.23%
Blink Charging Co.	$1.91	$2.17	13.61%
Carvana Co.	$133.48	$146.49	9.75%
Chargepoint Holdings	$1.64	$1.78	8.54%
Luminar Technologies Inc.	$0.91	$0.98	6.64%

Top 5 losers

	Yesterday's close	Today's close	Percent change
Mullen Automotive Inc.	$0.53	$0.44	-16.31%
Canoo	$1.55	$1.50	-3.23%
O'Reilly Automotive	$1121.07	$1114.72	-0.57%
Ouster Inc.	$10.92	$10.88	-0.37%
Allison	$83.90	$83.75	-0.18%

Quotes from 4 p.m. Aug. 13

Automakers
Here are today's stock trading results from 10 vehicle assembly companies trading on U.S. stock exchanges.

Automakers

	Yesterday's close	Today's close	Percent change
Ford Motor Co.	$9.86	$10.14	2.84%
General Motors	$42.99	$43.32	0.77%
Honda	$29.29	$29.90	2.08%
Lucid	$2.90	$3.07	5.86%
Polestar	$0.73	$0.78	6.36%
Rivian	$13.39	$13.54	1.12%
Stellantis	$15.19	$15.42	1.51%
Tesla	$197.49	$207.83	5.24%
Toyota Motor	$167.97	$172.39	2.63%
VinFast Auto Ltd.	$3.69	$3.85	4.34%