In today's issue:

Filtered from 4,632 items published across 312 sources in the last 24 hours.

Two price cuts don't make a trend. The average new vehicle sold for $50,562 in September, $52 short of the December 2025 record, per Kelley Blue Book figures reported by The Truth About Cars. What they show is where two carmakers chose to give ground. Ford cut the EV it can no longer sell with a federal tax credit: Mach-E sales fell 72% in the third quarter, to 5,574, per Automotive News. Subaru cut the price of getting into an Outback, and "the return of an entry-level Subaru Outback trim for 2027 underscores our commitment to providing consumers with affordable, safe, and reliable vehicles," Subaru of America president Jeff Walters said, per MotorTrend.

GM Says AI Testing Will Cut Its Development Time in Half: At its GM Forward event in New York on Wednesday, GM said an AI-driven operating system can halve a typical vehicle development timeline, and that eyes-off highway driving, launching on the 2028 Cadillac Escalade IQ, will spread "quickly" to pickups and SUVs, per Automotive News. "Speed is inherently virtuous," chief product officer Sterling Anderson said. GM also showed a fourth-generation EV platform it says is 15% lighter and 20% more efficient, using lithium manganese-rich cells it claims carry 33% more energy than LFP for a similar price, but gave no launch date or models, per InsideEVs and AutoGuide. #analyst

Nearly 3 in 10 Trade-Ins Are Underwater, and the Owners Owe $7,107 on Average: 29.1% of trade-ins toward new cars carried negative equity in the third quarter, up from 28.1% a year earlier, and the average amount owed is the highest for a third quarter in at least a decade, per Edmunds. Buyers who rolled that debt into a new loan financed $57,235 on average at $952 a month, and 91.2% took terms of 72 months or longer, per CBT News, citing the same report. #market

Toyota Expects a Record Year in Europe Without Joining the Price War: Toyota and Lexus sold a record 936,042 cars in Europe in the first nine months, up 0.6%, and European sales chief Till Conrad said the company would not match Chinese brands' discounts because "it doesn't create value for our customers and our retailers," per Automotive News. Chinese brands took a record share of nearly 15% in the EU, U.K. and EFTA countries in September, per Dataforce figures in the same report. Across Europe, including the U.K., Norway and Switzerland, new-car sales rose 10.2% in September, per ACEA data reported by OilPrice.com, and EU battery-electric registrations rose 72.9% to a 29.9% share, per Electrive. #market

Ferrari's Luce EV Starts at $560,800, About $80,000 Below Car and Driver's Estimate: Ferrari's first electric car, with four motors making 1,035 hp and about 280 miles of EPA-estimated range, reaches the U.S. in the second quarter of 2027, per Car and Driver. That is $122,190 more than the V12 Purosangue, per Motor1.

Omoda's X Concept Previews a Rugged SUV Bound for Europe: Chery's Omoda brand showed the concept Oct. 20 with hybrid, plug-in and electric options and said a production version could reach Europe in about two years, per Automotive News. Omoda's European sales are up 165% this year to 92,913, per Dataforce figures in the same report, and the concept has 200 mm of ground clearance, per Autocar.

Cadillac Marks 125 Years With a $239,000 Escalade-V: The 125th Anniversary Collector Series keeps the 682-hp supercharged V8 and costs more than $65,000 over a standard Escalade-V, with 24-inch forged wheels and buyers choosing their own VIN and serial number, per Edmunds. Cadillac is building 252 for the U.S. and Canada, where it costs C$325,000, per Driving.ca.

Kia Is Open to a GT-R-Style Halo Car, Says Hyundai's R&D Chief: "You see a lot of car makers going that way, so why not?" Manfred Harrer told Autocar, though he said Kia should first build a dedicated GT model, per Autoblog.

Tesla's Profit Fell 43%, and It Says It's Trying to Get Cybercabs to Customers This Year: Third-quarter net income fell 43% to $787 million, per Automotive News. "We're trying to get Cybercabs to customers by the end of this year, 2026," vehicle engineering vice president Lars Moravy said on the earnings call, adding that "the vast majority of the Cybercab stuff will be essentially Tesla-owned," per MotorBiscuit.

Honda Confirms a Pickup Built on Mitsubishi's Triton: Honda and Mitsubishi announced a memorandum on Oct. 22 for a Honda model based on the one-ton Triton, going on sale in Southeast Asia in 2028, per Mitsubishi. It is the first product from the 2024 partnership framework that also includes Nissan, signed before the three companies' merger talks failed, per Automotive News. There is no word of it coming to the U.S.

Bosch Will Split Its Car-Parts Business Into a Separate Company: The world's largest auto supplier will move Bosch Mobility into its own limited-liability company, still wholly owned by the group, to cut costs as Chinese suppliers such as CATL and Huawei gain ground, per Automotive News.

A Chemical Release Halted Jeep Wrangler Production in Toledo: A leak at a transport terminal about a mile away led to an evacuation order, and Stellantis canceled Wednesday's first and second shifts at the plant, per CBT News.

Audi Puts the Full Spotify App in Its Cars, No Phone Needed: The native app, which Audi says no other carmaker has yet, rolls out through the Audi Application Store on PPE and PPC models, per AutoGuide.

Porsche Tells Owners of 548 More 911s and 718s Not to Drive, Over Wheels That Could Come Off: The expansion covers 2024 911 GT3, GT3 RS, Turbo, Turbo S, S/T and Carrera GTS models plus the 718 Cayman GT4 RS and Spyder RS with center-lock wheels, on top of 2,251 cars recalled in October 2024, after two more fractured center-lock parts were reported in May and August, per Road & Track. The NHTSA campaign number is 26V682.

Yesterday's picks

Ferrari's Simulated Manual Passes for the Real Thing, and All 1,499 Are Spoken For: Road & Track wrote that had it been told the car had a real mechanical gearbox, "I honestly don't think I would have spotted the fakery." It costs $670,000 against $461,000 for the standard car, per Road & Track, and every one of the 1,499 is already accounted for, per MotorTrend.

Rivian Passed Every EV Brand but Tesla in U.S. Sales This Year: Rivian sold 41,009 vehicles through September, ahead of Hyundai's 39,121 and Chevrolet's 38,298, and moved from 10th place a year ago to second, per Autoblog, citing Cox Automotive. Its third-quarter sales rose 45.7% while total EV sales are down about 30% for the year. The new R2 sold 3,456 in its first quarter and the Amazon delivery vans sold 8,469, up 220.9%, while the R1S and R1T fell 31.8% and 27.2%. GM still ranks second if its brands are combined, per Electrek, and Tesla is far ahead at 386,194.

Worth a listen

One episode from Car Curious, our sister car-podcast platform, picked out of everything the shows published in the last day.

The ART of RADwood. With Hagerty's Art Cervantes. (That Car Show, also at podcasters.spotify.com): Hagerty's Art Cervantes previews Saturday's Radwood NorCal in Alameda, where 10 era cars, led by a Lamborghini V12-powered Vector M12, will do flybys and winners are picked by attendees dropping coins in a ballot box.

Suspension is the daily email that makes you the most informed car person in the room.