1966 Dodge Coronet 500 on 2040-cars

Auto blog

The UAW's 'record contract' hinges on pensions, battery plants

DETROIT - After nearly four weeks of disruptive strikes and hard bargaining, the United Auto Workers and the Detroit Three automakers have edged closer to a deal that could offer record-setting wage gains for nearly 150,000 U.S. workers. General Motors, Ford Motor and Chrysler parent Stellantis have all agreed to raise base wages by between 20% and 23% over a four-year deal, according to union and company statements. Ford and Stellantis have agreed to reinstate cost-of-living adjustments, or COLA. The companies have offered to boost pay for temporary workers and give them a faster path to full-time, full-wage status. All three have proposed slashing the time it takes a new hire to get to the top UAW pay rate. The progress in contract talks follows the first-ever simultaneous strike by the UAW against Detroit's Big Three automakers. The union began the strike on Sept. 15 in hopes of forcing a better deal from each major automaker. But coming close to a deal is not the same thing as reaching a deal. Big obstacles remain on at least two major UAW demands: restoring the retirement security provided by pre-2007 defined benefit pension plans, and covering present and future joint- venture electric vehicle battery plants under the union's master contracts with the automakers. On retirement, none of the automakers has agreed to restore pre-2007 defined-benefit pension plans for workers hired after 2007. Doing so could force the automakers to again burden their balance sheets with multibillion-dollar liabilities. GM and the former Chrysler unloaded most of those liabilities in their 2009 bankruptcies. The union and automakers have explored an approach to providing more income security by offering annuities as an investment option in their company-sponsored 401(k) savings plans, people familiar with the discussions said. Stellantis referred to an annuity option as part of a more generous 401(k) proposal on Sept. 22. Annuities or similar instruments could give UAW retirees assurance of fixed, predictable payouts less dependent on stock market ups and downs, experts said. Recent changes in federal law have removed obstacles to including annuities as a feature of corporate 401(k) plans, said Olivia Mitchell, a professor at the University of Pennsylvania Wharton School and an expert on pensions and retirement. "Retirees want a way to be assured they won't run out of money," Mitchell said.

VW scandal, Alan Taylor on Vipers, and future cars | Autoblog Podcast #474

Episode #473 of the Autoblog Podcast is here. This week, Dan Roth chats with Sam Abuelsamid of Navigant Research about the just-announced deal pending between Volkswagen and the EPA, and Navigant's Transportation Outlook for 2025 to 2050. Alan Taylor, host of The Drive on ERN also visits the Podcast to talk about picking up his Viper ACR in Texas and driving it back to the West Coast. It all starts with the Autoblog Garage - check it out! Check out the rundown with times for topics, and thanks for listening! Autoblog Podcast #474 Topics VW/EPA deal Navigant Research Transportation Outlook Alan Taylor In The Autoblog Garage 2016 Lincoln MKX 2016 Volvo XC90 2016 Jeep Renegade Trailhawk Hosts: Dan Roth Guests: Sam Abuelsamid, Alan Taylor Rundown Intro & Garage - 00:00 VW/EPA - 25:51 Navigant Outlook - 38:47 Alan Taylor - 54:43 Total Duration: 01:13:11 Get The Podcast iTunes – Subscribe to the Autoblog Podcast in iTunes RSS – Add the Autoblog Podcast feed to your RSS aggregator MP3 – Download the MP3 directly Feedback Email – Podcast at Autoblog dot com Review the show in iTunes Podcasts Dodge Volkswagen

2021 Dodge Durango SRT Hellcat pricing revealed in dealer documents

Dodge has released a lot of numbers about the 2021 Durango SRT Hellcat — we know it has 710 horsepower and it will only be built for about six months — but not revealed so far is how much the SUV will cost. While official pricing information remains under wraps, leaked dealer documents suggest it will start at approximately $81,000. Citing anonymous dealer connections, enthusiast website Mopar Insiders reported the SRT Hellcat will carry a base price of $80,995 when it goes on sale. Note that figure excludes the destination fee — and the inevitable dealer markup. For context, the entry-level 2020 Durango SXT starts at $30,795 when ordered with rear-wheel drive, and the all-wheel-drive-only SRT model costs $62,995. That means the Hellcat model will carry an $18,000 premium. For the price, buyers get a 6.2-liter V8 engine topped with a mammoth supercharger, two-piece slotted rotors behind 20-inch wheels, a black radiator grille, a front splitter, and an array of Hellcat emblems. Inside, Dodge added red stitching and red accents in the instrument cluster, among other model-specific visual cues. Buyers can easily bump the aforementioned MSRP over the $90,000 mark. Highlights from the list of extra-cost options include a rear-seat entertainment system with a DVD player ($1,995), red leather upholstery ($1,595), a power sunroof ($1,295), and a trailer tow package with brake control ($1,195). Racing stripes are a $1,195 option, while three-season tires will add $595 to the bottom line. Fully loaded, the Durango Hellcat costs nearly $95,000. Although that's a lot to pay for a Durango, the Hellcat-powered model isn't an ordinary SUV, and it's not going to be a common sight. It's celebrated as the most powerful factory-built SUV in the world; it takes 3.9 seconds to reach 60 mph from a stop. And, Dodge confirmed it will only be able to build the model for about six months, though the SRT Hellcat won't be a serialized, limited-edition model like the 840-horsepower SRT Demon.  Still according to Mopar Insiders, Dodge dealers across the nation will begin to receive their Durango SRT Hellcat allocations in November 2020. Production will start in January 2021, and end in May of that year. If you want one, we suggest getting in touch with your nearest Dodge dealer sooner rather than later to ensure you don't miss out. Related Video: