Yahoo Finance's Pras Subramanian breaks down the record-breaking jump in April used car prices.
WASHINGTON (Reuters) -The United States is testing powers to protect workers under the trade deal replacing NAFTA and asked Mexico on Wednesday to probe alleged abuses at a General Motors Co factory, a move that may put tariffs on some of the firm's profitable pickups. U.S. Trade Representative Katherine Tai said her office and the Department of Labor received "information appearing to indicate serious violations" of worker rights in an April union contract vote at GM's Silao factory in central Mexico. Tai said she will partner with the Mexican government to try to "prevent a race to the bottom" for U.S. and Mexican workers.
WASHINGTON (Reuters) -U.S. President Joe Biden plans to visit a Ford Motor electric vehicle manufacturing facility in Michigan next week as he makes a push for a $174 billion government boost for electric vehicles and charging stations. The following day, Ford is set to unveil its electric F-150 pickup dubbed the F-150 Lightning at an event. Ford spokeswoman Melissa Miller said the second-largest U.S. automaker was honored to host Biden at its Ford Rouge complex in Dearborn on May 18.