This is really about trying to put power in the hands of people. There's 70% of workers who want a union, and 10% have them. If it were a company, they would figure out how to get the product into the hands of the 70% who wanted it.
Consumer prices rose 3.3% in March, the biggest yearly increase since May 2024, while new car prices were up 12.6% from a year ago, the Labor Department reported Friday.
Every day more than $4 billion worth of goods cross the United States' borders with Canada and Mexico-U.S. auto parts headed for car factories in northern Mexico, cartons of Mexican avocados bound for California supermarkets, Canadian aluminum destined to become cans of Campbell Soup. Much of this bustling cross-border commerce is duty-free, thanks to the US-Mexico-Canada Agreement, or USMCA, that President Donald Trump negotiated with America's northern and southern neighbors during his first term.
Sales are down nearly 70 percent at Jahn Engineering, a tool and die shop that serves automakers here and in the United States. Dozens of workers have been let go following decisions made in the White House. The Canadian auto industry has been rocked by President Donald Trump's abandonment of subsidies for electric vehicles and embrace of tariffs.
Unfortunately it was not enough to secure a majority we will continue to do our utmost in the new works council to bring about change for us and our colleagues at the gigafactory. The unusually heated battle had pitted the carmaker's management against the union and was marked by lawsuits and mutual accusations of slander.
At least 125 employees, which is more than 20% of the company's workforce, were let go as Underdog shifts away from some of its traditional offerings and leans more heavily into prediction markets. Teams in fraud operations, marketing, customer support, and product were among those affected.
Automakers are facing billions of dollars in additional costs from Trump's tariffs, particularly those levied on imported autos and car parts. Those tariffs, as well as levies targeting steel and aluminum, were implemented under a law that gives the president authority to impose import taxes on national security grounds. The duties were unaffected by the Supreme Court's ruling that struck down Trump's broader import taxes imposed on many countries.
Growth prospects are also weighed down by continuing geopolitical tensions and conflicts. Risks stem in particular from the Russia-Ukraine conflict, the confrontations in the Middle East, as well as growing uncertainties regarding the policy stance of the USA and the global increase of geoeconomic measures, which could further exacerbate geopolitical tensions.
They were among the first workers to be laid off as GM cuts one of three shifts. Up to 1,200 autoworkers across the supply chain are expected to lose their jobs. A lot of people have some sort of resentment, but you've just got to go on, move on, said Kendrick Gordon, speaking outside the plant on his last day working for a subcontractor.
MAN Truck & Bus SE has formalized a long-term restructuring and investment framework with its works council and IG Metall, positioning the manufacturer for what it describes as sustained competitiveness amid structural shifts in the commercial vehicle industry. The agreement, laid out in a jointly adopted key issues paper, defines the industrial, financial and workforce parameters of the "MAN2030+" program.
Shilpan Amin sits at the operational core of General Motors. As the global chief procurement and supply chain officer, his remit cuts across engineering, manufacturing, finance, and the company's vast supplier network. At GM's scale, procurement is not simply about buying parts. It determines how capital is deployed, how risk is priced and absorbed, how quickly vehicles move from design to launch, and how the company navigates geopolitical shocks while protecting long-term margins.
As the Detroit Three automakers have made fewer cars in Canada over the past decade, Japanese car makers have kept their Canadian footprint consistent, according to a new report. The findings by the Trillium Network for Advanced Manufacturing, a non-profit think-tank at Western University that analyzes manufacturing in Ontario, show a decline in the overall number of cars made in Canada compared to a decade ago. In 2016, 2.3 million cars were assembled in the country; by 2025, that figure fell to 1.2 million.
Honda reported Tuesday a 42% drop in profit for the nine months through December, compared to a year earlier, as U.S. President Donald Trump's tariffs hurt the Japanese automaker's earnings.Tokyo-based Honda Motor Co.'s profit over the three quarters totaled 465.4 billion yen ($3 billion), down from 805.2 billion yen.That marked the second straight year that profit declined during the period at Honda, the maker of the Accord sedan, Civic compact and Odyssey minivan.
Whirlpool began cutting production lines from the plant and moving those to Mexico several years ago. Now we're seeing that they're making our product in Mexico. The number of workers at the plant has declined from nearly 3,000 just a few years ago to close to 1,300, and more cuts are likely.
While it's appropriate to lament the lack of bipartisan cooperation in Washington, just because something's bipartisan doesn't mean it's a good idea. Exhibit A could be Senator Tammy Baldwin (D-WI) and Senator J.D. Vance's (R-OH) "Invent It Here, Make It Here" bill. Despite the name and its good intentions, it condemns promising federally funded inventions to waste away without doing a thing to build our domestic manufacturing base. It's scheduled to be considered this Thursday in the Senate Commerce, Science and Transportation Committee.
Ford beat earnings estimates in three straight quarters through Q3 2025, with a stunning 367% surprise in Q1. The stock responded by going... nowhere. Up 47% over the past year but still trading at $13.60, barely above where it sat in 2016. That's the Ford pattern in a nutshell: promise without payoff, execution without escape velocity.
It has never been more expensive to buy a new car. The average transaction price last month for buyers in the United States was $48,576, up nearly a third from 2019, according to Edmunds. The "affordable" car-$20,000 or less- is dead. The high prices have been pinned on plenty of economic dynamics: lingering pandemic-era supply chain issues, the introduction of expensive technology into everyday cars, higher labor and raw materials costs, and new tariffs by the Trump administration affecting imported steel, aluminum, and cars themselves.
Directors and above will be required to be on-site five days a week from February 16, according to an email sent by Stellantis CFO Joao Laranjo on Friday. It states that the decision will improve customer satisfaction, "strengthen our culture of innovation," and create more opportunities for mentorship and skill development. A set of guidelines entitled "Back Together We Win," sent with the email, describes the five-day-a-week RTO as an "enterprise-wide initiative" that will apply to all employees in all regions.
