Michigan Webasto workers vote to join UAW
Workers at a Webasto Roof Systems plant in suburban Detroit voted 99 to 79 to join the UAW. Meanwhile, UAW members at two other companies remain on strike.
Young adults are vacationing on financial thin ice
Prices for travel remain stubbornly high. The cost of airfare in February was 27% higher than the same month a year earlier, according to U.S. Bureau of Labor Statistics data. And rental car prices — having shot up during the pandemic — remain high today, as they’re 37% pricier in February than they were in the same month in 2019.
Yet costlier travel is not deterring younger Americans who are eager to hit the road (and the skies) this year.
A whopping 87% of 18-to-29-year-olds and 90% of 30-to-44-year-olds intend to travel this summer, according to a March survey by The Vacationer. If the economy is slowing, younger travelers aren’t heeding the memo.
“When I meet with folks, they’re not budgeting,” says Dylan Snowden, a financial coach. “Most will just think about hotels and flight, but not the fact that they need to feed themselves three times a day.”
Ignoring the broader economic trends (like the rising cost of eating out) could mean stormy financial waters ahead for these vacationers.
Chrysler's 2025 electric crossover won't be the Airflow
“It is evolving in a new direction,” Stellantis design chief Ralph Gilles told MotorTrend magazine.
Slide is on for wholesale used-vehicle prices
Wholesale used-vehicle prices are expected to gradually cool through the rest of the year after unseasonably appreciating to start 2023.
Canada offers more money to Stellantis for EV battery plant
The premier says that Ontario is putting more money on the table, though he wouldn’t say how much, in order to protect jobs.