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  • Articles Tagged with "Auto Industry"

    Stellantis to temporarily lay off US workers due to tariffs - E&E News by POLITICO

    eenews.net • Economics • United States

    Stellantis temporarily laid off 900 US workers due to President Trump's 25% auto tariffs, idling production in Canada and Mexico.

    Car Plant Workers Are ‘Liberated’ From Their Jobs by Trump’s Tariffs

    thedailybeast.com • Politics • United States

    President Trump's tariffs on imported vehicles resulted in Stellantis laying off 900 workers and temporarily halting production at plants in Canada and Mexico, despite initial union support for the tariffs.

    Will Trump’s Auto Tariffs Make Buying a Car More Expensive? Here’s What Shoppers Should Know. - The New York Times

    nytimes.com • Economics • World

    President Trump's auto tariffs are expected to significantly increase the prices of new cars, impacting both consumers and the auto industry.

    Stellantis layoffs hit five US auto plants that supply factories in Canada and Mexico | CNN Business

    cnn.com • Automotive • North America

    Stellantis's temporary production pauses in Canada and Mexico due to new tariffs result in layoffs for 900 US auto workers at five Midwest plants.

    These affordable EVs are set to rule the roads – and they are all from the same place

    theage.com.au • Automotive • World

    Several Chinese electric vehicle manufacturers are rapidly expanding their global reach, with varying degrees of success in different markets.

    Multinationals vow big China investments, defying tariffs and bucking wait-and-see trend | South China Morning Post

    scmp.com • Business • China

    Despite trade tensions and uncertainty, several multinational corporations, including Toyota and Nissan, are significantly increasing their investments in China, demonstrating confidence in the Chinese market.

    How China Built BYD, Its Tesla Killer - The New York Times

    nytimes.com • Automotive • China

    BYD, a Chinese automaker, has rapidly risen to become a major competitor to Tesla, surpassing it in global electric vehicle sales.

    GM CEO Mary Barra says tariffs will cost the company up to $5 billion this year | CNN Business

    cnn.com • Business • World

    General Motors estimates that President Trump's tariffs on imported cars and auto parts will cost the company between $4 billion and $5 billion this year, significantly impacting its earnings projections.

    Mercedes-Benz says inventory to remain high in Q2 amid chip shortage | Reuters

    reuters.com • Automotive • World

    Mercedes-Benz anticipates elevated inventory levels throughout the second quarter due to persistent supply chain disruptions and semiconductor shortages.

    The price of cars is too damn high - The Globe and Mail

    theglobeandmail.com • Automotive • Canada

    Soaring car prices in Canada, exceeding income growth, are creating affordability challenges for consumers, with luxury vehicles being particularly affected.

    Brampton Stellantis plant remains shuttered amid mounting fears of shift to US | The Pointer

    thepointer.com • Automotive • Canada

    Stellantis's Brampton plant remains closed, raising concerns about potential job losses and a shift of operations to the US due to ongoing trade disputes.

    UAW praises Trump auto tariffs and end of ‘free trade disaster’

    washingtonexaminer.com • Politics • World

    The United Auto Workers union praised President Trump's auto tariffs, viewing them as a positive step towards reviving the American auto industry and countering what they see as unfair trade practices.

    Nissan to reportedly cut more than 10,000 jobs globally - The Globe and Mail

    theglobeandmail.com • Business • World

    Nissan plans to cut over 10,000 jobs globally, adding to previously announced layoffs, as part of a restructuring effort to address weak sales and losses.

    Tariff Misery in Japan: Honda and Nissan Forecast Plunges in Profit - The New York Times

    nytimes.com • Economics • Japan

    US tariffs on Japanese automobiles are causing significant financial distress for major automakers like Honda and Nissan, leading to substantial profit plunges and job cuts.

    2026 Toyota bZ fixes ‘many complaints’ when it comes to range and charging, chief engineer says - The Globe and Mail

    theglobeandmail.com • Automotive • World

    Toyota addresses numerous customer complaints regarding the range and charging speed of its first mass-market EV, the bZ4X, with significant improvements in the 2026 model.

    El gravísimo problema que afecta a las fábricas españolas de coches: el principal motivo de su hundimiento y crisis

    elespanol.com • Automotive • Spain

    Spanish car factories are facing a significant production decline due to the transition to electric vehicles and decreased demand in major European markets.

    Mexican auto industry shrugs off Trump tariffs as Canada struggles - The Globe and Mail

    theglobeandmail.com • Economics • North America

    Despite US tariffs, Mexico's auto industry shows resilience compared to Canada's struggling sector, highlighting differences in investment, production costs, and market positioning.