Automobile Industry

New-Car Sales Continue Slide, Meaning Good Time to Deal

New-Car Sales Continue Slide, Meaning Good Time to Deal

New cars and car loans are getting more expensive, but there may be a happy twist for car buyers. Automakers can't sell you enough, and if the economy takes a dip, they'll be very ready to deal.

U.S. light-vehicle sales through the third quarter were down 2 percent year over year, and many non-luxury automakers are struggling. When hot brands like Jeep and Subaru take dives of 13 and 9 percent in just September, you know something's off.

NPR

GM And LG Chem Plan $2.3 Billion Electric Battery Venture In Ohio : NPR

General Motors and LG Chemical plan to make battery cells for electric-powered vehicles, unveiling a joint venture that they expect to create more than 1,100 jobs in northeast Ohio. The companies say they'll invest up to $2.3 billion in the venture.

The project is centered around Lordstown, Ohio, where GM shuttered a plant last March that had produced the Chevrolet Cruze. The new plant in the Lordstown area will make battery cells for GM's upcoming all-electric vehicles, from a Cadillac sedan to a new electric truck that's slated for release in late 2021.