2014 Dodge Avenger Se 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.

2021 Dodge Charger SRT Hellcat Redeye Widebody: Bring your friends on a 797-hp thrill ride

For a couple years now, if you wanted the ultimate in Dodge performance, your only option was the Dodge Challenger SRT Hellcat Redeye. The 797-horsepower engine was exclusive to it and its widened body, and if you needed four-doors, you were out of luck. But following the addition of a widebody Charger, the company has finally seen fit to create the 2021 Dodge Charger SRT Hellcat Redeye, complete with the monster Hemi. Unsurprisingly, the addition of 90 extra horsepower makes the Charger Redeye significantly quicker than the standard Hellcat. On a 2.1-mile road course Dodge tested at, the Redeye lapped 1.2 seconds faster than the regular car. The Redeye also finishes the quarter-mile in 10.6 seconds, close to 0.4 second faster than the standard Hellcat Widebody. Top speed also increases from 196 mph to 203 mph. Visually, there are a few subtle cues that distinguish the Redeye from the Hellcat Widebody. It of course gets Hellcat badges with red eyes, but it also gets a unique hood. The hood, in combination with the Widebody front fascia and a special air intake opening near the wheel liner give the Redeye the maximum amount of air flow to the engine bay of any Charger variant. While the big news is the Redeye coming to the Charger, prospective Hellcat buyers have some good news, too. All 2021 Hellcats pick up 10 horsepower for 717 total. This matches the limited-edition Charger Hellcat Widebody Daytona 50th Anniversary Edition. So even if you can't reach a Redeye, the regular Hellcat will be even more potent than before. Pricing for the new Redeye has not yet been announced. Dealers will be able to start ordering 2021 Chargers this fall, so we should have pricing around that time. Cars should begin arriving at lots in early 2021. Related Video:    

Chrysler readying Hellcat V8 with Viper-like power

A monstrous supercharged V8 engine could be in store for Chrysler and SRT products, if recent rumors are to be believed. Allpar is reporting that the forced-induction V8 - Chrysler's first, if this goes down - could make its debut this summer.
The story goes that the Hellcat would be based on a 6.2-liter Hemi engine, rather than on the existing 5.7- or 6.4-liter versions of the company's vaunted mill. In any case, the general consensus is that the motor will have gobs of power. Modest estimates call for between 500 to 570 horsepower, with some outliers predicting a figure as high as 600 hp. That figure would put the output would place the Hellcat awfully close to that of the 640-hp V10 in the SRT Viper, too. Allpar contends that a slightly lower powered version would allow Chrysler to keep costs below that of the more powerful Ford Shelby GT500, which might be a sweet spot.
The Hellcat could debut in a number of SRT products. SRT versions of the Charger, Challenger and 300 are all up for grabs, as is the rumored SRT Barracuda.