Trump's promise of higher tariffs means consumers will have fewer choices when buying cars, economists say
One economist told FOX 2 that tariffs do not work and that consumers will "pay the price" if the president-elect moves forward with his economic plan.
GM cuts salaried positions including in software, services at Warren Tech Center
“The automotive industry is dealing with some challenges right now," Greiner said. "They had the whole issue with the transition due to the Covid recession. That weaked havoc with inventories.”
Stellantis to temporarily lay-off Trenton plant workers next week during shutdown
The company said it needed to balance engine inventories, requiring it to close the plant the week of Aug. 19.
Biden raises tariffs on Chinese EVs, chips and other goods
President Joe Biden slapped major new tariffs on Chinese electric vehicles, advanced batteries, solar cells, steel, aluminum and medical equipment on Tuesday.
Car insurance prices are on the rise: These states have the highest premiums
Other states with high premiums included Nevada, Florida and Delaware