Toyota Plans to Add Hundreds of Jobs at Kentucky Plant, Offers Signing Bonus

Toyota plans to add 400 workers as soon as possible to its plant in Georgetown, Ky., the Japanese automaker announced Tuesday. The Courier-Journal reports that new hires at the plant, which is Toyota's largest in the world, will receive a $500 signing bonus if they remain on the job for at least six months, according to Toyota spokesman Rick Hesterberg.

Used-Car Price Tumble Spells Trouble for the U.S. Auto Market

Falling used-car prices last month were a major contributor to subdued inflation for the U.S. economy. Auto analysts warn this could be a lasting trend with major negative implications for new-vehicle demand, reports Bloomberg.

Midengine Corvette, Large SUVs to be Delayed by Strike

The UAW's strike of General Motors will push back the launch of the automaker's long-anticipated midengine Chevrolet Corvette and will delay a number of high-margin SUVs, according to LMC Automotive.