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Showing posts with the label autoindustry

Only one new car in the U.S. now sells for under $20,000

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[ad_1] Just five years ago, a price-conscious auto shopper in the United States could choose from among a dozen new small cars selling for under $20,000. Now, there's just one: The Mitsubishi Mirage. And even the Mirage appears headed for the scrap yard. At a time when Americans increasingly want pricey SUVs and trucks rather than small cars, the Mirage remains the lone new vehicle whose average sale price is under 20 grand — a figure that once marked a kind of unofficial threshold of affordability. With prices — new and used — having soared since the pandemic, $20,000 is no longer much of a starting point for a new car.  This current version of the Mirage, which reached U.S. dealerships a decade ago, sold for an average of $19,205 last month, according to  data  from Cox Automotive. (Though a few other new models have starting prices under $20,000, their actual purchase prices, with options and shipping, exceed that figure.) This current version of the Mit...

UAW chief says time is running out for Ford, GM and Stellantis to avoid a strike

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[ad_1] What a potential UAW strike could mean for the supply chain What a potential UAW strike could mean for the supply chain 06:28 The head of the United Auto Workers warned Wednesday that the union plans to go on strike against any Detroit automaker that hasn't reached a new agreement by the time contracts expire next week. "That's the plan," President Shawn Fain responded when asked if the union would strike any of the companies that haven't reached a tentative deal by the time their national contracts end. A strike against all three major automakers — General Motors, Stellantis and Ford — could cause damage not only to the industry as a whole but also to...

Tesla to open part of charging network to other EVs, as Biden officials announce latest steps in expansion of charging stations

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[ad_1] Biden administration officials announced a significant step Wednesday in moving the U.S. toward a more expansive and cohesive network of EV charging stations. Part of the move includes a major concession from EV market  leader Tesla, which owns and operates an extensive network of proprietary "superchargers" for its cars. But now, White House infrastructure coordinator Mitch Landrieu says the Elon Musk-led company has agreed to open part of its charging network to non-Tesla vehicles.   "These recent and new commitments will make more public chargers available for all EVs," Landrieu said Tuesday on a background call with reporters. "With announcements like today's and the overall growth we're seeing, it's clear that this administration is making incredible progress towards building our electric future."  Some $7.5 billion from the Infrastructure Investment and Jobs Act will be spent on bu...