Earlier this week: A new Treasury rule proposed tax credits to boost EV charger installations nationwide. Ford’s River Rouge Tool and Die unit faces a strike deadline amid ongoing UAW disputes. Wireless charging technology for EVs gains momentum with a new SAE standard. Volkswagen and Audi dealers sue over warranty policy. UAW workers strike at Eaton Aerospace over retirement, wages, and a health care dispute. IIHS study shows drivers are more distracted with partial automation systems. August retail used-vehicle sales surge, highest since October 2021.
Here’s a closer look at these top stories and more headlines to stay on top of this week’s automotive industry news.
1. New Treasury rule proposes tax credits to boost EV charger installations nationwide
On Wednesday, the U.S. Treasury Department proposed a new rule that could provide substantial tax credits for installing electric vehicle (EV) chargers. Under the proposal, individuals would be eligible for credits of up to $1,000, while businesses could receive up to $100,000 for each installed charger.
2. Ford’s River Rouge Tool and Die unit faces strike deadline amid ongoing UAW disputes
The United Auto Workers (UAW) union has set a strike deadline for Ford’s tool and die unit at the River Rouge complex if local contract issues are not resolved by Thursday, Sept. 26. More than 500 workers in this unit could walk off the job at 11:59 p.m. on Sept. 25, according to UAW Vice President Chuck Browning, who received authorization from UAW President Shawn Fain to set the deadline. Read More
3. Wireless charging technology for EVs gains momentum with new SAE standard
The development of wireless charging technology for electric vehicles (EVs) is accelerating, bringing the prospect of eliminating plug-in chargers closer to reality. This advancement could significantly change how EV owners charge their vehicles, offering a more convenient, cord-free solution. In August, automakers and suppliers made a major leap by establishing new standards to ensure wireless charging can work seamlessly across different vehicle brands and charging equipment manufacturers. Read More
4. Volkswagen, Audi dealers sue over warranty policy
Volkswagen and Audi dealers in Illinois are suing Volkswagen Group of America over a new policy that recoups warranty-related costs from dealerships. The dispute centers on the automaker’s response to the state’s Multiplier Act, which has significantly altered how automakers compensate dealers for warranty repairs. Read More
5. UAW workers strike at Eaton Aerospace over retirement, wages, and health care dispute
More than 500 UAW-represented workers at Eaton Aerospace in Jackson, Michigan, walked off the job on Monday, Sept. 16, 2024, following months of failed contract negotiations. The strike comes after the expiration of a contract extension on Sept. 5 and centers around disputes over retirement benefits, health care, and wages. Eaton produces hydraulic equipment for civil, commercial, and military aircraft, making the strike significant for the aerospace sector. Read More
6. IIHS study shows drivers more distracted with partial automation systems
New research from the Insurance Institute for Highway Safety (IIHS) reveals a concerning trend: drivers are more likely to engage in distractions, such as checking their phones or eating, when using partial automation systems. The study focused on two advanced driver assistance systems—Tesla’s Autopilot and Volvo’s Pilot Assist—highlighting how drivers increasingly neglect to monitor the road and take over when needed, despite safety requirements. Read More
7. August retail used-vehicle sales surge, highest since October 2021
Retail used-vehicle sales in August saw an impressive 8% month-over-month gain, according to Cox Automotive’s vAuto Live Market View data estimates. This increase pushed retail sales to their highest level since October 2021, with a total of 1.7 million used vehicles sold at both franchised and independent dealerships, marking a 13.6% year-over-year increase. Read More
8. How dealers can master the art of service department via collaborations
Welcome to the latest episode of the Training Camp, where Adam Marburger shares invaluable strategies for enhancing your Finance and Insurance (F&I) operations by forging stronger connections with your service department. Learn how daily interactions and insightful practices can transform your F&I performance and drive higher profitability. Watch the full segment here.
9. Students Colin Kubik, Alex Mazon discuss the upcoming 2024 Northwood University International Auto Show
In this exclusive episode of Inside Automotive, Jim Fitzpatrick sat down with Colin Kubik, Student and Public Relations Chair, and Alex Mazon, General Chair for Northwood University’s 61st International Auto Show. As they gear up for one of the most anticipated automotive events of the year, these student leaders share their personal journeys into the automotive world, the show’s exciting developments, and how it serves as a launchpad for future industry talent. Mark your calendars for October 4th-6th—this is a show you won’t want to miss. Watch the full segment here.
10. Experian report highlights generational shifts in car buying habits – Kirsten Von Busch
Generational differences are changing how dealers market and sell vehicles. Experian has published new research on these generational buying habits. Kirsten Von Busch, Experian’s director of automotive product marketing, discusses the findings in the latest episode of CBT Now. Watch the full segment here.
