Audi sends off iconic TT with final edition roadster
Production of the Audi TT, which began as a concept in 1995, ends with the 2023 model year.
Supplier ramp-up, recovery from UAW strike could be rocky
Suppliers avoided the worst-case strike scenarios, but the financial ripple effects of the strike are likely to last for some time.
GM, Ford shares are so cheap they’re worth buying, analyst says
Labor strikes and other auto industry challenges have made shares of General Motors Co. and Ford Motor Co. “historically cheap,” creating a buying opportunity for investors, according to Barclays.
Fed leaves rates unchanged, acknowledges economy is 'strong'
For the auto industry, interest rates were the top issue cited by franchised dealerships during the third quarter, identified by 65 percent of retailers, up from 61 percent a quarter earlier, according to a Cox Automotive Dealer Sentiment Index poll.
Nonunion Toyota boosts hourly wages 9.2%, cuts progression time as UAW votes await
Toyota Motor North America told its nonunion production workers Tuesday that the company was boosting hourly wages in its plants, distribution and logistics centers to $34.80, effective Jan. 1, marking the third increase in less than a year. The latest raise comes as UAW workers at the Detroit 3 wait to vote on ratification.