Tundra TRD ProGood morning and welcome to The Downshift, or TDS for short, The Drive's morning news roundup that gathers the latest automotive headlines from around the globe and places them in one spot.The Downshift summarizes stories into a single sentence and provides a link for those seeking more information. Here's what's happening on Wednesday, June 24, 2026.🔊The latest episode of The Drivecast, The Drive's weekly podcast, will go live today on Apple Podcasts, Spotify, and wherever you get your podcasts.💅Toyota and Nissan are now importing American-made vehicles to Japan, but in an embarrassing plot twist the automakers are selling these vehicles with a notice telling buyers the quality is not up to Japanese standards warning there might be thin paint, panel gaps, or leftover residue.❌Porsche is now shedding non-core assets and might cut its workforce as the iconic automaker pushes forward with turnaround efforts.🐎AdvertisementAdvertisementFerrari replaced its marketing chief with the former BMW exec, Massimiliano Di Silvestre, after unveiling the Luce EV.💻Nissan plans to slash software development time from months to hours by using AI in an attempt to catch up to software-defined vehicles from China.🏭Subaru said it will shift to "ultraefficient production" after a $362 million write down on EVs and product delays in an effort to streamline operations and remain competitive in the age of electrification.📱The 2027 Audi A3 trades buttons for bigger screens.⛽AdvertisementAdvertisementPorsche CEO Michael Leiters said there will never be a fully electric 911.🚨Ford has already recalled 11.2 million cars this year.😍Morgan revealed the stunning Midsummer hard-top, which will be limited to just nine cars.🔋The long wheelbase Tesla Model Y L will reportedly launch in North America this fall.🧑⚖️AdvertisementAdvertisementRivian is facing a class action lawsuit over its first-generation R1 models after originally marketing the vehicles as capable of Level 3 autonomy and true hands-free driving.Got a tip? Drop us a line at tips@thedrive.com