Saudis and Foxconn go in on EVs, Stellantis issues driver warning, Aldi cuts prices for Thanksgiving

Yahoo Finance's Julie Hyman breaks down leading business headlines as Saudi Arabia and Foxconn team up for a joint EV venture, Stellantis issues a 'do not drive' warning for older Dodge and Chrysler vehicles, and Aldi rewinds Thanksgiving item prices to 2019 levels.

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JULIE HYMAN: Now some other headlines that we're watching at this hour, Saudi Arabia's public investment fund, or PIF, says it will make electric cars in the kingdom under a joint venture with Apple supplier Foxconn. That's part of a push to build new industries and lessen the nation's dependence on oil. Foxconn will develop the electrical architecture of the vehicles, and Ceer will be the name of the first Saudi automotive brand to produce electric vehicles in Saudi Arabia. The PIF said its cars would be available in 2025, and Ceer is projected to contribute $8 billion to the kingdom's GDP by 2034.

Chrysler parent Stellantis warning nearly 300,000 vehicle owners immediately to stop driving their cars after three crash deaths tied to faulty Takata airbag inflators were reported in the last seven months. The do not drive warning is currently in place for owners of previously recalled 2005 to 2010 Dodge Magnum stationwagons, Dodge Challenger coupes, and Dodge Charger and Chrysler 300 sedans that had not addressed that airbag issue.

And Aldi is doing a Thanksgiving price rewind in an effort to draw customers to its chain amid surging inflation. The grocery retailer lowered prices for its Thanksgiving dinner food items to match 2019 prices. That means discounts of up to 30% for select items. If you recall, we reported earlier this week that Walmart announced a similar pricing strategy, but they're just rolling it back to last year's prices. That would mean about a 15% discount. So Aldi saying, oh, no, no, no, we're going all the way back to 2019.

BRAD SMITH: Hold my turkey. Wait a minute. Something like that. Hold the gravy-- whatever.