🤝🤷 Rumor has it. Audi is in talks with Chinese automaker SAIC to acquire its EV platform. The move to increase market share follows lagging Audi EV sales compared to competitors. Audi uses Volkswagen's MEB platform and is developing a new EV platform with Porsche, so it is unclear what impact this acquisition would have on the company's plans.
👎👍 Deal or no Deal? UAW President Shawn Fain launched aggressive negotiations with Detroit automakers over new worker contracts. Strikes could cost billions with potential weekly earning losses per automaker:
Key issues include reinstatement of cost-of-living adjustments, increased wages, a platinum healthcare package retention, ending the tiered pay system, and setting guidance for electrification's impact on jobs.
📉🔋 Ripples in the electric pond. Tesla's Model 3 saw a 30% drop in used car value over the past year, driving a significant fall in used EV prices in the US. This comes after price surges in 2022. Analysts attribute the dip to Tesla's new model price cuts, which have affected the entire used EV market. Tesla is 1st, 2nd, and 4th on ISeeCars' list of EVs with the most significant value drops.