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
Market Updates
New Report Indicates Prices of New Cars Hold Steady Year-Over-Year
IRVINE, CA - According to a new report released by Kelley Blue Book, the average price of a new car in the United States in August of 2023 was $48,451, which is a mere 0.6 percent increase from the month before and only $42 up year-over-year, representing the fact that the auto market has begun to stabilize following skyrocketing prices brought about by pandemic era-related … [Read more...] about New Report Indicates Prices of New Cars Hold Steady Year-Over-Year
Auto Worker Strike Likely This Week as Deadline Looms, Both Sides Far Apart
DETROIT, MI - United Auto Workers (UAW) and the Big Three Detroit carmakers – General Motors, Ford, and Stellantis – are still far apart on negotiations to avert a strike that is becoming more and more likely to happen later this week as the September 14th deadline looms ever closer. If the strike does indeed come to pass on Thursday, it could provide a major source of upheaval … [Read more...] about Auto Worker Strike Likely This Week as Deadline Looms, Both Sides Far Apart
Mercedes Debuts “Game-Changing” EV Concept Cars with Superior Range to Tesla
MUNICH - On Sunday at the IAA Mobility auto show in Munich, Mercedes-Benz unveiled a line of concept electric vehicles (EVs) they say are close to production, with the German automaker claiming they offer superior range to any currently available model of Tesla. Mercedes officials are saying that their Concept CLA Class – comprised of four new models including a sedan, … [Read more...] about Mercedes Debuts “Game-Changing” EV Concept Cars with Superior Range to Tesla
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