auto industry
5 briefs
UAW Is Threatening to Strike the Plant That Builds Stellantis' Most Profitable Truck.
The fight is about who fixes the machines, not who builds the cars. Skilled trades outsourcing is the knife Stellantis is using to cut labor costs, and the UAW is finally picking it up.
Trump Is Coming for European Cars Again
The USTR confirmed 25% tariffs on EU autos are moving forward. Europe's car industry was already struggling. This time, the trigger is geopolitical, not just protectionist.
Trump Broke the EU Car Deal He Made at His Own Golf Course. The Reason He Gave Does Not Hold.
The Turnberry deal lowered EU auto tariffs to 15% last July. Trump raised them back to 25% without citing a specific EU violation. The EU's trade chief meets his US counterpart in Paris tomorrow.
Trump Rips Up the EU Car Deal and Announces 25% Auto Tariffs. Europe Has No Good Response.
The US-EU trade agreement was supposed to hold at a 10% baseline tariff. Trump has now raised the rate on cars and lorries to 25%, accusing the EU of non-compliance. The EU has no leverage it is willing to use.
Affordable Cars Are Leaving the American Market
Nissan, Toyota and Hyundai have told the Trump administration that without a USMCA renewal, entry-level models no longer make economic sense to sell in the US.