In today's issue:
Honda recalls more than 1 million 2023-2026 Accord Hybrids and CR-Vs over a tire repair kit that has already injured eight people
EV incentives hit 14% of transaction price in May, double the industry rate, as a 4.2% CPI print weighed on rate-cut expectations
Nissan confirmed it will build cars for Chinese brand Chery at its underutilized Sunderland plant
FLAT WRONG
American Honda recalled more than 1 million 2023-2026 Accord Hybrid, CR-V Hybrid, and CR-V Fuel Cell vehicles because an incorrectly attached sealant bottle in the flat tire repair kit can build pressure and rupture, per Autoblog and MotorTrend
Eight injuries have already been reported; the bottle can detach from the compressor under pressure and strike the user
The kit sits in the cargo area or spare tire well of most affected vehicles; owners should not use it until Honda issues a remedy
The recall also covers 118,000 Canadian Accord Hybrid and CR-V vehicles under a parallel notice, per Driving.ca
Honda has not announced a remedy timeline; check NHTSA.gov with your VIN now
→ If you own one: The kit is usually in the cargo area or spare tire well. Don't use it. Check your VIN at NHTSA.gov.
Eight people were injured by a compressed-gas bottle sitting in millions of cars before this recall. The affected models are Honda's two best-selling hybrid nameplates, covering nearly the entire 2023-2026 Accord Hybrid and CR-V Hybrid production run.
Also worth knowing
EV Incentives Hit 14% in May as Rate-Cut Expectations Cooled: May's average transaction price came in at $49,220, with broad industry incentives at 7.1% of price but EV-specific discounts running near 14%, double the market rate, yet EV inventory still didn't clear, per GoodCarBadCar; the May CPI print of 4.2% on June 10 weighed on 2026 rate-cut expectations, per the same analysis. #market
Japan's Automakers Have Absorbed $28B in U.S. Policy Costs, With $12B More Coming: An Automotive News analysis puts Toyota's tariff exposure alone above $17 billion; total Japanese OEM costs are tracking toward $40 billion by March 2027, per CBT News; Honda Canada CEO Dave Jamieson warned at the APMA Summit that continued production at the Alliston plant is "not automatic," given that 76% of its Civics and CR-Vs export to the U.S., per GoodCarBadCar. #analyst
Nissan Will Build Chinese Brand Chery's Cars at Its Sunderland Plant: Nissan's head of Europe, Max Messina, confirmed the company plans to become a "contract manufacturer" for Chery, whose brands include Jaecoo and Omoda, at the underutilized Sunderland factory where output has fallen below profitable levels, per Automotive News Europe; separately, Just Auto reports Nissan is targeting a 30-month development cycle by copying Chinese automaker processes, roughly half its current timeline. #analyst
Quick links
Ford Using Up to $10,000 in Private Discounts to Move Orphaned Escape and Edge Buyers Into the Explorer: Ford is offering private discounts of up to $10,000 to steer customers who lost the discontinued Escape and Edge nameplates toward the larger, pricier Explorer, per Automotive News.
BMW Confirms 800V, 100+ kWh, Quad-Motor Powertrain for Electric M3: BMW's official pressroom release puts hard specs on the M Concept Neue Klasse: 800V architecture, a battery exceeding 100 kWh, and four electric motors; the gasoline G84 M3 and the electric ZA0 are planned to coexist, per BMWBLOG.
MotorTrend Drives the Last Manual CT5-V Blackwing Before It Exits Production: The 668-hp supercharged V8 manual sedan gets its final press test before leaving the lineup, per MotorTrend.
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