The automaker’s plants are operating below capacity, but remedies all come with financial and political costs.
Auto industry
Posted inBusiness
Sergio Marchionne, auto executive who rescued Chrysler, dies at 66
His health worsened following shoulder surgery earlier this month and his death comes days after Fiat Chrysler announced his replacement as CEO.
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Posted inNation & World
Cave diver says he might sue Elon Musk after tweet
The Tesla Inc. and SpaceX chief executive suggested on Twitter that the diver was a pedophile.
Posted inEditorials, Opinion
Another view: Trump’s car tariff idea is likely to backfire
Billed as an effort to protect U.S. workers, it may leave them worse off than they are today.
Posted inNation & World, Politics
Trump says he won’t sign any NAFTA deal until after midterm elections
Meanwhile, Canadian retaliatory tariffs take effect.
Posted inBusiness, Nation & World
General Motors: Trump auto tariffs threaten U.S. jobs
The company reflects the frustration among American multinational corporations, which fear the president’s ‘America First’ trade policy ignores the realities of a global economy.
Posted inBusiness
New-vehicle buyers report least bugs ever
Korean brands Genesis, Kia and Hyundai claim the top three spots in the J.D. Power annual survey.
Posted inBusiness, Nation & World
Auto tariffs would raise prices, cost jobs, experts say
Tariffs on vehicles would send ‘a shock wave through the economy,’ one trade lawyer says, forcing Congress to take action.
Posted inBusiness, News
Tesla’s large layoffs underscore Musk’s need to stop burning through money
So far, the company has cumulatively lost about $5.4 billion.
Posted inBusiness, Nation & World, News
Plan put in motion to set fuel standard
The president wants staff to consult with California to establish a single goal for U.S. automakers.