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The Latest Breaking News from Michelle Krebs

Ford workers join those at GM in approving contract settlement that ended UAW strikes

The United Auto Workers union has overwhelmingly ratified a new contract with Ford, a pact that, along with similar deals with General Motors and Stellantis, will raise pay across the industry

The Independent UK

Why the UAW strike could last a long time

The United Auto Workers' targeted strike against the Big Three automakers is about gradually ramping up pressure on the automakers while also stretching out the union's strike fund.

WEKU

Looking for a new car under $20,000? Good luck. Your choice has dwindled to just one vehicle

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

The Independent UK

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read the most diverse news in one place.

Looking for a new car under $20,000? Good luck. Your choice is down to just one vehicle

The Mitsubishi Mirage sells for $19,205 at a time when the average new vehicle in the U.S. has a sales price of $48,000. And used vehicles sell for about $29,000.

Chicago Sun-Times

Looking for a new car under $20,000? Good luck. Your choice has dwindled to just one vehicle

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

The Independent UK

Ford's $3B EV loss shows gas cars are still the profit engine

Gas-powered cars, trucks and SUVs are still paying the bills for automakers as they pile money into electric vehicles.

Axios

CES 2023: Ram electric pickup joins crowded field next year

When a futuristic-looking electric Ram pickup truck goes on sale next year, it will hardly be the first in line

The Independent UK

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Biden talks up electric vehicle revolution – but is America ready to give up gas?

President appears at Detroit auto show, where EVs are this year’s stars – but the road to electrification promises to be a bumpy one

The Guardian - US

After Pandemic Hiatus, Detroit Auto Show Reboots Itself

Less glitz, better weather.

Asharq Al-Awsat

California wants to end sales of new gas cars by 2035. Here are 4 key roadblocks

California's move to end the sale of new gas-powered cars could prove a seminal moment in the shift to zero-emission cars — but getting there won't be easy.

WEKU

EV Startup VinFast Hits U.S. With Novel Pricing Strategy

Vietnam's Vingroup JSC became a corporate juggernaut in its home country, operating everything from luxury resorts to hospitals, shopping malls and supermarkets.

Bangkok Post

EXCLUSIVE: Michelle Krebs Of Cox Automotive Says 'If An Economic Recession Hits The US, Vehicle Sales Are Not Going To Be Affected Much'

The average price of a new automobile sold in America in June was $48,043, according to Kelly Blue Book, a Cox Automotive company. This is the highest average price ever and the first time it has been above the $48,000 mark.

Benzinga

Lower production is driving up new car prices — and automakers' profits

We could be seeing the birth of a new business model, with lower production, higher prices and fatter profit margins.

Axios

Ford CEO sees electric vehicle price war as EV costs decline

Ford’s chief executive says the global auto industry is headed for a huge price war in the coming years as electric vehicle costs drop and companies sell EVs priced around $25,000

The Independent UK

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Tribune News Service

Tesla: Will Big Auto eat pioneering electric car maker’s lunch?

Eyeing Tesla’s success, major automakers are hurling themselves into the electric vehicle market as governments set ambitious zero-emissions targets and drivers around the world look to go electric. While Elon Musks’s pioneering company currently dwarfs rivals by stock value, it now faces a new level of competition from traditional manufacturers…

Tribune News Service

Why auto affordability concerns loom as costs rise, sales drop in Q1

Automakers and dealers are worried about affordability as supply-chain woes keep inventory levels low and customers are hit with increased inflation, high gas prices and climbing interest rates.

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