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Volkswagen to hike wages for U.S. workers by 11%

November 22, 2023 1:35 PM EST

German automaker, Volkswagen revealed Wednesday its decision to increase salaries for production workers at its Chattanooga assembly plant in Tennessee by 11%. This announcement comes weeks after the United Auto Workers union secured substantial pay and benefit raises from the Detroit Three automakers.

Volkswagen and other non-union automakers in the United States are facing escalating pressure to... More

New vehicle sales expected to grow 10% in November

November 22, 2023 9:35 AM EST

A recent report by industry analysts J.D. Power and GlobalData, published on Wednesday, projects that November's new-vehicle sales will hit 1,236,000 units, marking a significant 10.2% increase compared to the same period last year.

"Sales growth is being enabled by improving vehicle availability," said Thomas King, president of the data and... More