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Author: Jamie L. LaReau, Detroit Free Press

Money

Biden weighs in on UAW, Detroit automaker contract negotiations with suggested demands

August 14, 2023Jamie L. LaReau, Detroit Free PressComments Off on Biden weighs in on UAW, Detroit automaker contract negotiations with suggested demands

President Joe Biden released a statement Monday outlining what the Detroit automakers and UAW should be looking to achieve in a new contract.

Money

Auto shoppers may be getting some relief as 2023 finally sees drop in new car prices

August 9, 2023Jamie L. LaReau, Detroit Free PressComments Off on Auto shoppers may be getting some relief as 2023 finally sees drop in new car prices

New data shows the smallest year-over-year average transaction price increase for new cars in a decade. But GM resists offering big discounts.

Money

GM confirms future wage hike for UAW members, but other demands ‘threaten’ company health

August 4, 2023Jamie L. LaReau, Detroit Free PressComments Off on GM confirms future wage hike for UAW members, but other demands ‘threaten’ company health

GM responded to a list of demands the UAW publicly outlined earlier this week, saying a raise is likely, but that’s about all it can guarantee.

Money

General Motors starts shipping Chevy Blazer EV, reveals price and range

August 1, 2023Jamie L. LaReau, Detroit Free PressComments Off on General Motors starts shipping Chevy Blazer EV, reveals price and range

GM is shipping its next Ultium-based EV, the Blazer EV with a starting price topping estimates. And GM pushes back launch of the sports version.

Money

Car buyers considering an EV have more options thanks to a weird loophole in the law

July 7, 2023Jamie L. LaReau, Detroit Free PressComments Off on Car buyers considering an EV have more options thanks to a weird loophole in the law

The Detroit 3 had an advantage under the initial Inflation Reduction Act to offer consumers a tax credit on EVs. Now, a loophole helps foreign makes.

Money

$1,000 a month for a car loan payment? Why auto loans are soaring for many buyers

July 3, 2023July 4, 2023Jamie L. LaReau, Detroit Free PressComments Off on $1,000 a month for a car loan payment? Why auto loans are soaring for many buyers

The number of car buyers paying $1,000 a month in auto loan financing has hit an all-time high, driven up by car shortages and high interest rates.

Money

GM Energy’s Ultium Home products provide backup power to your home in outage

June 28, 2023Jamie L. LaReau, Detroit Free PressComments Off on GM Energy’s Ultium Home products provide backup power to your home in outage

GM’s new business unit, GM Energy, will offer a suite of products for consumers to use to store energy or use an EV for a backup electrical source.

Money

70,000 new cars are stuck at factories as consumers face delays: Here’s what’s going on

June 16, 2023June 19, 2023Jamie L. LaReau, Detroit Free PressComments Off on 70,000 new cars are stuck at factories as consumers face delays: Here’s what’s going on

Detroit carmakers have increased production, but now they struggle to get their finished cars from factories to U.S. dealerships. Here’s why.

Money

GM CFO: The company has ‘shock absorbers’ in place in case of a recession

June 16, 2023Jamie L. LaReau, Detroit Free PressComments Off on GM CFO: The company has ‘shock absorbers’ in place in case of a recession

GM CFO said leaders continue to cut costs across the company to be prepared if there’s a downturn and mindful that EVs are not widely profitable yet.

Money

GM to invest $632 million in next-gen pickup production in Indiana

June 12, 2023Jamie L. LaReau, Detroit Free PressComments Off on GM to invest $632 million in next-gen pickup production in Indiana

In its fourth announced investment in gasoline-powered trucks this month, GM said it will upgrade Fort Wayne Assembly to build the future pickups.

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