Stock Market fears impact automakers

Hello! Yesterday was crazy for stock markets worldwide, and these coming weeks could be even crazier.

The automotive sector is an industry that feels this craziness almost immediately. This comes at an already challenging time. We’ll definitely keep an eye on it.

Key Takeaways

Don’t have much time? Here’s the summary of what we’re talking about:

• Best cars for boomers, focusing on comfort and reliability.

• Honda hits record profit due to strong US hybrid sales.

• Canada struggles with high car theft, exploring tech solutions like AirTags.

• United Auto Workers endorse Kamala Harris for president.

• Recent stock market dip impacts automakers, with Tesla hit hard.

• Many iconic cars will be discontinued in 2025 due to EV rise and regulations.

• Guide to the best lift kits for GMC Sierra 1500, considering price and quality.

• Steps to reset a BMW service light that won’t turn off after servicing.

IN THE KNOW

How the stock market panic impacts automakers

Monday started off at a crazy pace. The stock market took a severe dip as fears of a recession grew strong.

Multiple factors contributed to this panic, including a rising unemployment rate and a critical move by Japan’s Central Bank.

This had immediate consequences on a global scale. 

The most impacted companies are in the tech sector, with NVidia and Apple taking a big hit.

Moreover, amid the panic, automakers are also feeling the heat, but how do these fears impact automakers?

Tesla certainly felt the brunt of the blow. In fact, this situation could wipe out a massive chunk of its gains.

Of course, Tesla isn’t the only company suffering the consequences. Here’s how Monday’s panic affected others, including the Big Three.

The coming weeks will be critical in defining the financial outcome for automakers worldwide. 

Here are some of the cars we won’t see in 2025

Iconic cars come and go for many reasons, from poor sales to stricter emissions standards.

So, even if some cars obtain cult-following status, they can disappear into oblivion.

(We’re looking at you, V8-powered Dodge Dakota.) 

2025 will be no different. In fact, we believe that, from now on, these lists will only continue to grow.

With the onset of EVs, companies’ desire to optimize profits, and cars becoming more expensive, every year will mark the end of iconic vehicles. 

Here are 20 cars that we won’t see ever again.

Some of them are surprising, while the deaths of others came later than we expected.

Which one in the list surprises you?  

SPONSORED SECTION

Participate in running research with RunDot and get two free months of run training

What is The RunDot Project?

It is an annual research initiative that uses optimized run training to help runners reach their true potential.

Why should you join?

RunDot athletes improve their running abilities, on average, 3.2x more than non-users, and experience performance improvements in 30% less training time.

Qualified participants also receive 2 free months of run training.

Do you qualify?

• You are a good fit if you check these boxes:

• You train with a GPS-enabled device

• You have not used RunDot or TriDot in the last 12 months

• You are not a professional runner

• You are enthusiastic and motivated to accomplish your running goals

Do you meet these criteria?

Join the 2024 RunDot Project. Learn more and apply here.

BEST AND WORST

What Is The Best Lift Kit For A GMC Sierra 1500?

The GMC Sierra might not be as popular as its sibling, the Silverado (it sells only 50% of what the Silverado sells).

It doesn’t come close to its common rival, the F-150.

However, many people still enjoy modifying them. 

One of the most common modifications is a lift kit, but which one is the best?

Whenever choosing a lift kit, there are plenty of variables to consider, from price to quality to safety. 

Our article covers the best lift kits for the GMC Sierra 1500.

Click the link to learn more about what best suits your vehicle.

TIPS AND KNOW-HOW

Service light on a BMW will not reset

Owning a BMW is a great experience, most of the time (at FWT, we would know we’ve had several).

Some BMWs have great acceleration and handling, plus a comfortable driving position, which is excellent for those longer trips. 

However, these cars can also break down easily.

You might sense your heart rate quickening when you see the service light on your dashboard. 

So, what happens when you service your BMW and it doesn’t turn off?

Here’s everything you need to do!

NEWSBITES

Every week, we scour the web for the most essential news. Here’s what you need to know this week:

• Here’s a list of great cars for boomers

• Honda records record Q1 profit thanks to US sales

• Canada keeps desperately looking for solutions to car theft

• Here’s who the United Auto Workers endorses for the presidential candidate and why