U.S. inflation nears Fed’s 2% target
CHICAGO - The Consumer Price Index (CPI) for September 2024 showed inflation at 2.4% for the month, slowing to close to the Federal Reserve's 2% target. This is the lowest level since February 2021, according to the U.S. Bureau of Labor Statistics. Although the CPI report showed inflation cooling, the slowdown was less than expected. After seasonal adjustment, urban residents' CPI increased by 0.2%, of which the food index increased by 0.4% and the housing index increased by 0.2%. These two indices accounted for more than 75% of the monthly increase in all items. This was higher than the 0.01% forecast. "Unfortunately, the preferred trend indicator has risen to 1.98% in September after increasing 1.87% in August, so it's moving in the wrong direction compared to the monthly and year-over-year indicators," said Dr. Peter Rupert, University of California, Santa Clara. Professor of Economics at the University of Barbara. "However, it should be noted that our measure is slightly below the…
Skoda Kylaq nears series production ahead of launch
Skoda Skylaq revealed ahead of launch With Skoda Kylaq, competition in the sub-4m SUV segment will intensify, with rivals including Nexon, Brezza, XUV3XO, Venue, Sonet, Magnite and Kiger The sub-4 million SUV segment has become one of the most important market segments in the Indian automobile industry. In this segment, OEMs stand to gain valuable sales as it appeals to a wider audience. Skoda is now venturing into this segment for the first time, with recent test mules appearing to be closer to production. Let's take a look. Skoda Kylaq spy photos Iconic carmaker Skoda has been working towards diversifying its product portfolio in India. SAVVIPL (Skoda Auto Volkswagen India) has been in trouble due to declining sales prospects and rumors of a 50% partnership with Mahindra. The launch of sub-$4 million products under the India 2.5 strategy is likely to strengthen its market position. The first model launched under the India 2.5 strategy is the Skoda Kylaq, an SUV…
Audi alternator class action lawsuit nears settlement
Belt starter generator lawsuit settlements may provide extended warranties and compensation. July 29, 2024 — A settlement in an Audi alternator class action lawsuit in which owners claimed the alternators, also known as belt starter alternators, in those Audi models were defective is awaiting final approval from a judge. 2019-2023 Audi A6 2019-2023 Audi A7 2019-2023 Audi A8 2019-2023 Audi Q8 2020-2023 Audi Q7 2020-2023 Audi RSQ8 2020-2023 Audi S6 2020-2023 Audi S7 2020-2023 Audi S8 2020-2023 Audi Allroad 2021-2023 Audi RS6 2021-2023 Audi RS7 The first Audi alternator class action lawsuit was filed in March 2023 and is titled Steinhardt v. Volkswagen, and the second Audi belt starter alternator failure class action lawsuit was filed in May 2023 and is titled Maximilian Reis v. Volkswagen. In June 2023, the lawsuit was consolidated in a New Jersey state court. One plaintiff said his 2019 Audi A6 had an electrical problem in August 2021 that caused the warning light to illuminate…
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