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Before launching three new vehicles, GM is investing $30 million in its workforce.
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Hyundai Motor Group announced a significant increase in investment to $26 billion in the United States, which is expected to create 25,000 jobs in various areas.
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Commentary: The average price of a new vehicle in the U.S. is expected to break the $50,000 barrier in 2025, as automakers begin to pass along tariff costs and the market sells a larger share of higher-end vehicles.
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An alliance of fleet, rental car, insurance, and consumer associations are working together to expand access to the large amounts of data that vehicle systems and operations generate.
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Commentary: No mainstream automaker will be immune to the pain, which will almost certainly be transferred to buyers through higher prices. The U.S. auto market already has an affordability problem.
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The acquisition increases the total number of Morgan Truck Body locations to 14 manufacturing facilities in North America.
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Polestar expands manufacturing footprint, integrates cutting-edge technologies, and advances autonomous driving capabilities.
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Analysis: The actions of the UAW will reverberate through the larger auto business, but nowhere near what was experienced in April 2020. Sales into fleet could suffer in 4Q if a strike is wide and persists. Rental car companies may return to the used car market like they did in 2021 and 2022, driving prices higher.
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Research from WSP and the Environmental Defense Fund research reveals that 56% of announced EV spending during the past eight years occurred after the 2022 passage of the federal Inflation Reduction Act.
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The United Auto Workers contract with the Detroit Big 3 automakers expires Sept. 14 as new inventory remains 68% above last year's level.
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