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Staff photo by Olivia Ross / Volkswagen Chattanooga CEO Chris Glover stands with a electric ID.4 SUV at the entrance to the plant on July 12, 2022.

Starting price at $37,495 for Volkswagen t ID.4

Volkswagen of America on Thursday announced that pricing for the 2023 ID.4 electric compact SUV will start at a manufacturer's suggested retail price of $37,495.

The Chattanooga-made SUV offers a potential federal tax credit of up to $7,500. The ID.4 also comes with an all-new entry battery pack, upgraded exterior and interior design, new aluminum-alloy wheels, updated improved center console, and more features, according to VW.

The ID.4 is offered in three trim levels — Standard/Pro, S, and S Plus — with the option of 62 kWh and 82 kWh batteries and rear-wheel- or all-wheel drive.

The entry ID.4, now called the ID.4 Standard, is equipped with a new 62 kWh battery, allowing for a lower price of entry and a preliminary manufacturer estimated range of 208 miles based on a simulated EPA-test cycle.

Inside, the ID.4 now has a standard 12-inch infotainment display, according to VW.

 

Jobless applications rose again last week

More Americans applied for jobless benefits last week as the number of unemployed continues to rise modestly, though the labor market remains one of the strongest parts of the U.S. economy.

Applications for jobless aid for the week ending July 30 rose by 6,000 to 260,000 from the previous week's 254,000, the Labor Department reported Thursday. First-time applications generally reflect layoffs.

The four-week average for claims, which evens out the weekly ups and downs, also rose from the previous week, to 254,750. The Labor Department's jobs report for July, due out Friday, is expected to show that employers added 250,000 jobs last month.

 

Woman sues Equifax over credit mistake

A Florida woman has sued Equifax claiming she was denied a car loan because of a 130-point mistake she says was part of a larger group of credit score errors the ratings agency made this spring due to a coding problem.

The class action lawsuit was filed in federal court in Atlanta on behalf of Nydia Jenkins and potentially millions of others who applied for credit during a three-week period earlier this year. The Jacksonville, Florida woman says she was forced to accept another loan that was $150 per month more than the one she was turned down for because of the error.

 

DoorDash orders rise to a record high

DoorDash has reported that it received a record number of customer orders in the second quarter, boosted by resilient demand and its acquisition of Finnish delivery service Wolt Enterprises.

DoorDash said orders grew 23% to 426 million in the April-June period, surpassing Wall Street's expectations. The San Francisco-based delivery company said it hasn't yet seen much impact from inflation, and it now expects higher order volumes for the full year.

DoorDash said its net loss for the quarter more than doubled as it closed the $8.1 billion acquisition of Wolt. DoorDash said stock-based compensation costs and absorbing Wolt's 6,000 employees hurt its profits.

— Compiled by Dave Flessner

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