WASHINGTON, D.C. - The Internal Revenue Service announced today that sellers of clean vehicles can now register using the new IRS Energy Credits Online tool, available free from the IRS. Known as IRS Energy Credits Online or IRS ECO, this free electronic service is secure, accurate and requires no special software. Though available to any business of any size, IRS Energy Credit … [Read more...] about IRS Opens Free Energy Credit Online Tool For Sellers of Clean Energy Vehicles
UAW Reaches Tentative Agreement with General Motors; Historic Strike to Finally End
DETROIT, MI - After reaching a tentative contract agreement with General Motors (GM) on Monday, United Auto Workers (UAW) has announced their historic 46-day strike against Detroit’s “Big Three” automakers – GM, Ford, and Chrysler-parent Stellantis – is effectively over. The agreement with GM sees the restoration of previously pulled cost-of-living adjustments and will … [Read more...] about UAW Reaches Tentative Agreement with General Motors; Historic Strike to Finally End
Ford Announces Progress in UAW Talks, But “Significant Gaps to Close” Remain
DETROIT, MI – On Sunday, Ford Motor Company announced that while there has been some degree of progress in their ongoing negotiations with United Auto Workers (UAW), there are still “significant gaps to close” remaining before an agreement can be made with the striking union. Although we are making progress in some areas, we still have significant gaps to close … [Read more...] about Ford Announces Progress in UAW Talks, But “Significant Gaps to Close” Remain
Massive System Failure Grinds Toyota of Japan’s Vehicle Production to Compete Halt
BUNKYO-KU, TOKYO - On Tuesday, August 29, Toyota officials announced they were forced to suspend operations at all of its Japanese-based assembly plants after a massive system failure brought production lines of the world's biggest selling automotive manufacturer to a complete halt. Toyota denied rumors that the issue was due to a cyberattack, noting that it was most likely … [Read more...] about Massive System Failure Grinds Toyota of Japan’s Vehicle Production to Compete Halt
Experts: Used Car Availability Won’t Return to Pre-Pandemic Levels Until 2028
ATLANTA, GA - A number of factors – including a reduction in leasing and drivers holding on to their cars longer – will prevent used car availability from returning to 2019 levels until 2028, experts at Cox Automotive say, but even as inventory levels gradually improve, the current high prices found in the market are expected to never return to pre-pandemic … [Read more...] about Experts: Used Car Availability Won’t Return to Pre-Pandemic Levels Until 2028