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Executive Perspective: Ford seeking US$3B in cost reductions at Ford Blue internal-combustion vehicle group by 2026 reports Ford CFO; savings to come from simplification, reductions in complexity, particularly number of options offered to consumers

Cox Automotive forecasts June US light vehicle sales of 1.2 million units, down 7.5% from a year ago, up 7.5% from May; GM forecast to move to top sales position in Q2, with Honda, Nissan, VW sales down 30% in first half of year from a year ago

Mitsubishi, Toyota, VW Group have most recalled vehicles in Mexico in 2022, with Mitsubishi recalling 37,364 vehicles, Toyota recalling 25,622 units, VW Group recalling 20,044 units; this year 10 automakers have issued over 60 recalls in the country

IIHS finds drivers prefer partial vehicle automation with safeguards that require driver to stay engaged with driving; drivers prefer ‘hands-on’ versions of lane centering, automated lane changing features versus ‘hands-free’ versions: study

June US total new vehicle sales expected to drop 15.8% from a year ago to 1,133,000 units, with total Q2 sales down 20.5% from a year ago at 3,488,800 units; six-month sales volumes worst since 2011, as retailers, manufacturers set profitability records

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