auto industry

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More Car Owners Are Upside Down on Loans

That can make for a nasty surprise if the vehicle gets totaled

(Newser) - The Wall Street Journal calls attention to a new stat from CarEdge that often winds up having unpleasant results for car owners: About one-third of people with loans on their vehicle owe more than it's worth. Meaning, if the car gets totaled, they have to continue making payments for...

New Rule Could Block All Car Imports From China

Feds move to ban software, hardware from 'countries of concern'

(Newser) - Chinese cars aren't common on American roads and the federal government wants to keep it that way. The White House announced in a statemen t Monday that a proposed Commerce Department rule will ban the sale or import of connected vehicles with software or certain components from "countries...

Car Prices May Drop for First Time in a Decade

But average is still about $45K, and high interest rates are taking a toll

(Newser) - Car prices have been rising year after year for more than a decade, but the Wall Street Journal reports the streak might finally end in 2024. The average out-the-door price paid for a new car was a shade under $45,000 in June, down 3% when compared to last year,...

America, Your Cars Are Getting Old
America, Your Cars
Are Getting Old
May 25, 2024 2:10 PM CDT

America, Your Cars Are Getting Old

The average age of a US vehicle is now 12.6 years, as consumers coax extra life out of them

(Newser) - Cars, trucks, and SUVs in the US keep getting older, hitting a record average age of 12.6 years in 2024 as people hang on to their vehicles largely because new ones cost so much. S&P Global Mobility, which tracks state vehicle registration data nationwide, said Wednesday that the...

Alabama Votes Are a Blow to UAW
Alabama Votes
Are a Blow to UAW
May 18, 2024 1:15 PM CDT

Alabama Votes Are a Blow to UAW

Fain says union will return to plants while trying to organize others

(Newser) - A decisive vote against the United Auto Workers at two Mercedes factories in Alabama on Friday sidetracked the UAW's plan to sign up workers at nonunion plants mainly in the South. But President Shawn Fain said the union will return and will press on with efforts to organize about...

China Is Conquering the Electric Car Market

US may impose tariffs on foreign imports as soon as this coming week

(Newser) - China has been stepping up its game in the electric vehicle market, with more than 70 new models on sale this year alone. One big factor is that Chinese automakers are able to develop vehicles much faster—roughly 30% faster—than "legacy manufacturers," per the Wall Street Journal ...

Tesla Recalling Nearly All Cars in US Again

This time, it's because the warning lights are too small on instruments panel

(Newser) - Tesla is recalling nearly all its vehicles sold in the US to fix an unusual safety issue—warning lights on the instrument panel are too small, reports the AP . The recall affects more than 2 million vehicles and is slightly bigger than one of two months ago that involved a...

Japan Is No Longer the No. 1 Auto Exporter
Japan Is No Longer
the No. 1 Auto Exporter
the rundown
Jan 9, 2024 11:22 AM CST

Japan Is No Longer the No. 1 Auto Exporter

China takes the title with its surging industry

(Newser) - Japan has long been the world's top exporter of automobiles, but that reign is now over. China has overtaken it for the No. 1 spot, and it's no blip—Beijing's lead is expected to "solidify" in 2024, reports the South China Morning Post . The Wall Street ...

One of Detroit's Big 3 Is Making Its Next Big Move

Stellantis plans on offering buyout packages to about half of its salaried workers

(Newser) - The autoworkers strike is over , but one of Detroit's Big Three is now making another move it hopes will help its bottom line. The Wall Street Journal reports that on Monday, Mark Stewart, CEO of Chrysler parent company Stellantis, announced in a meeting that the company is offering buyouts...

GM Also Cuts a Deal, Ending UAW Strikes

General Motors agreement comes after Ford and Stellantis struck deals of their own

(Newser) - General Motors and the United Auto Workers union have reached a tentative contract agreement, according to multiple reports, including from the AP , the Wall Street Journal , and CNBC . The deal follows the pattern set with Ford last week and Jeep maker Stellantis over the weekend, and would bring an end...

In Historic Move, Biden Joins UAW Picket Line

He is believed to be the first sitting president to march with striking workers

(Newser) - President Biden flew to Michigan Tuesday and did something no sitting president has ever done : He joined a picket line. "You deserve the significant raise you need," Biden told striking United Auto Workers in Van Buren Township, via a bullhorn. The AP reports that he walked along the...

Biden Makes Big Announcement on UAW Strike

President is heading to Michigan on Tuesday to stand with union workers on the picket line

(Newser) - The United Auto Workers strike expanded on Friday , with union workers walking out of dozens of additional parts-distribution centers across the nation amid sluggish negotiations with Ford, General Motors, and Stellantis, Detroit's "Big Three" automakers. Now, a big-name boost is heading to the picket line next week: President...

UAW Strike Spreads to Locations in 20 States
The UAW Strike
Just Got a Lot Bigger
Sep 22, 2023 10:12 AM CDT

The UAW Strike Just Got a Lot Bigger

Workers are walking out of GM, Stellantis plants in 20 states but Ford is being spared

(Newser) - The president of the United Auto Workers said Friday the union will expand its strike against major automakers by walking out of 38 General Motors and Stellantis parts distribution centers in 20 states. Ford was spared additional strikes because the company has met some of the union's demands during...

Warning to UAW: Don't Kill 'the Goose That Lays the Golden Egg'

In 'NYT' op-ed, Steven Rattner worries about strike's 'implications for our economy,' and for Biden

(Newser) - The United Auto Workers union is threatening to expand its targeted strike against Detroit's Big Three automakers if major advances aren't seen in contract negotiations by Friday. But at least one person thinks that the UAW is "overplaying its hand" in taking on Ford, General Motors, and...

For Biden, UAW Strike Is High Stakes

President's economic vision is just one issue on the line

(Newser) - President Biden on Friday addressed the autoworkers strike he said nobody wanted. "Workers deserve a fair share," Biden said in remarks delivered at the White House. "The companies have made some significant offers, but I believe it should go further to ensure record corporate profits mean record...

The Car-Building Process May Soon Be Upended

Tesla is mulling a 3D-printing move that could decrease production costs big time

(Newser) - Tesla is working behind the curtain on a new manufacturing process that the Verge notes could prove to be a "huge industrial breakthrough." Multiple sources tell Reuters that the EV company is playing around with a new process that would allow it to die-cast pretty much the entire...

Another Massive Strike May Start This Week
How a Potential Autoworker
Strike May Affect Car Prices
the rundown
Sep 11, 2023 10:35 AM CDT

How a Potential Autoworker Strike May Affect Car Prices

If it goes into November, forget about year-end sales for big US automakers

(Newser) - The nation is on the brink of another massive strike, with about 150,000 US autoworkers threatening to walk off the job when their current contract expires at 11:59pm Thursday. By all accounts, the United Auto Workers union is far from a deal with Ford, General Motors, and Stellantis...

On Labor Day, a Major Strike Looms
On Labor Day,
a Major Strike Looms
Sep 4, 2023 10:45 AM CDT

On Labor Day, a Major Strike Looms

'More combative' United Auto Workers union makes demands ahead of contract expiration on Sept. 14

(Newser) - A 46% pay raise. A 32-hour workweek with 40 hours of pay. A restoration of traditional pensions. The demands that a more combative United Auto Workers union has pressed on General Motors, Stellantis, and Ford—demands that even the UAW's own president calls "audacious"— are edging it...

Want a New Car Under $20K? You've Now Got One Option

It's the Mitsubishi Mirage, and it's apparently going the way of the dodo

(Newser) - Not so long ago, in a United States not so far away, car buyers looking for a new ride under the relatively bargain price point of $20,000 had a dozen options from which to choose. Just five years later, that car buyer has one—the Mitsubishi Mirage—and even...

Attention, Used-Car Buyers: Prices Are Rising Again

For those in the market for a secondhand vehicle, it might not pay to wait

(Newser) - Well, it was nice while it lasted. For nearly a year, the average used vehicle in the United States had been edging toward affordable again for millions of people. The relief felt belated and relatively slight, but it was welcome nonetheless. From an eye-watering peak of $31,400 in April...

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