It’s not just Microsoft, Google, or Amazon — top European companies have also laid off a massive number of employees since April; here’s what you need to knowEuropean firms are reducing workforce due to economic challenges. Several companies including Stellantis, Volkswagen, and Volvo Trucks have...
21 May, 2025, 07.55 PM IST
Tariffs will lead to 2 million fewer auto sales in US this year, auto advisory firm forecastsA prolonged global trade war could reduce U.S. and Canadian auto sales by 1.8 million vehicles this year and lead to stagnant growth over t...
07 Apr, 2025, 07.34 PM IST
Trump tariffs threaten India’s slowdown-hit auto parts makersIndian auto parts makers face sales losses in their top overseas market due to looming US tariffs on car parts. The 25% import duty on comp...
02 Apr, 2025, 08.57 AM IST
Duty-wary automakers rush to White House to find workaroundFord Motor, General Motors and Chrysler parent Stellantis NV are lobbying the administration to exclude certain low-cost car components fro...
01 Apr, 2025, 11.24 PM IST
Trump's auto tariffs could give Tesla and Elon Musk a leg up on rivalsTesla may benefit from the new auto tariffs announced by President Trump, as their U.S.-made vehicles won't be subject to the tariffs. Howe...
27 Mar, 2025, 07.55 PM IST
Stellantis reverses Ohio layoffs weeks after CEO's abrupt departureStellantis has canceled the layoff of 1,100 workers at its Ohio Jeep plant. The decision comes after former CEO Carlos Tavares resigned. Ta...
22 Dec, 2024, 08.07 AM IST
Automakers thrived in the pandemic. Many are now struggling.Each carmaker has its own problems, but there are some common threads. They include a tricky and expensive technological transition, politi...
16 Dec, 2024, 07.13 AM IST
Europe's embattled auto sector plans plant closures and layoffsSeveral automotive companies are announcing plant closures and layoffs in Europe. Companies like Valeo, Stellantis, Bosch, Ford, Michelin, ...
02 Dec, 2024, 02.11 PM IST
Stellantis CEO Carlos Tavares steps down as carmaker continues struggle with slumping salesStellantis CEO Carlos Tavares is resigning after nearly four years. The company, which includes brands like Jeep and Citroen, is currently ...
02 Dec, 2024, 08.02 AM IST
Trump's tariffs would deal a big blow to the auto industryThe prospect of disruptive tariffs hits the industry at a perilous moment. Virtually all automakers are struggling with sagging consumer de...
27 Nov, 2024, 10.29 AM IST
US auto strike's economic fallout starts to hurt global businessesThe month-long strike by hourly workers at the Detroit Three automakers is starting to have a financial impact on businesses, including air...
20 Oct, 2023, 08.32 PM IST
Ford lays off another 150 workers citing UAW strikeFord said the UAW's walkout last week at its Kentucky Truck Plant prompted the new layoffs at a Michigan axle plant. Another 16,600 Ford em...
19 Oct, 2023, 07.59 AM IST
Detroit's strikes become an industrial 'Survivor' gameThe United Auto Workers (UAW) is implementing a strategy of choosing which factories to strike at the Detroit Three automakers, putting the...
03 Oct, 2023, 03.38 PM IST
Ford temporarily lays off 300 more US workers due to strikeThe strike against the so-called "Big Three" car manufacturers -- Ford, Stellantis and General Motors -- began on September 15 when a previ...
03 Oct, 2023, 06.40 AM IST
UAW strike: Ford temporarily lays off 600 employees, GM to ‘idle 2000 workers’, Union responds amid negotiationsThe United Auto Workers (UAW) strike against General Motors (GM), Ford, and Stellantis, collectively known as the Big Three automakers, has...
17 Sep, 2023, 09.06 PM IST
Stellantis shuts down Jeep factory in Belvidere, Illinois due to cost burdensStellantis NV is planning to stop production in a Jeep factory in Belvidere, Illinois, citing an increment in production cost as they shift...
11 Dec, 2022, 08.26 PM IST
Microsoft to require vaccination for US workersMicrosoft said it was moving back its planned return to the workplace from September to no earlier than October 4, although it will allow f...
04 Aug, 2021, 04.41 PM IST