"Everything Is Under Scrutiny": 38,000 Layoffs Across Auto Industry May Only Be The Beginning

Silicon Valley has seen more than 1,200 layoffs in the tech industry since the beginning of the year — including at least 345 at chipmakers like Santa Clara-based Marvell......»»

Jack Taylor/Getty Images America's $800 billion trucking industry has been in a recession since the beginning of 2019. That downturn is now affecting truck manufacturers and the people who work at them. Cummins — a Columbus, Indiana-based manufactu.....»»

Higher new vehicle prices and lower scrutiny of borrowers' reported income are leading to a rise in delinquent auto loans, particularly among borrowers with low credit scores......»»

Thousands of Canadian auto industry workers have been furloughed with more temporary layoffs coming as negotiations on a new labor contract between General Motors and the United Auto Workers drags into its fifth day......»»

What some auto manufacturers and industry experts were passing off as a slight hiccup for the auto industry is rapidly turning into a full-scale recession if not all out depression, one complete with a litany of layoffs i.....»»

The auto industry is beginning the week with worries about President Donald Trump’s threat to put tariffs as high as 25 percent on U.S. imports from Mexico as officials from the two countries begin talking details. read more.....»»

Layoff in the auto industry increased in April, a troubling sign for the economy according to outplacement consultancy Challenger Gray & Christmas on Thursday......»»

A recent survey by auto industry research firm Cox Automotive notes the beginning of a shift in U.S. consumer preferences away from car ownership and toward mobility options......»»

NBCNews.comAfter General Motors layoffs, more bumps ahead for US auto industryNBCNews.comThe president said the jobs were "all coming back," but there's more rough road ahead for U.S. auto industry, analysts warn. "If I'm elected, you won'.....»»

Steven Mnuchin said an unauthorized individual was responsible for retweeting a statement calling on GM to repay the government billions of dollars it received as part of the 2008 auto industry bailout......»»

The layoffs (and associated future hirings) can be seen as a sign of much more disruption coming — in the auto sector, for sure, but also in firms all across the economy......»»

Forget about the automobile industry turning over a new leaf for the new year: the beginning of 2019 has started .....»»

Just days after we reported of the dismal start to 2019 for the U.S. auto industry, Gen.....»»

The Ohio Hemp Company has formalized a partnership with Heartland Industries, based in Michigan, to cultivate hemp fiber destined for the burgeoning bioplastics market. read more.....»»

The decline in EV adoption has also affected industry leader Tesla, leaving the future uncertain for other startups in the sector. read more.....»»

The Michigan-based entity plans to close its Far West San Antonio facility......»»

The first major development on a former Lee Beaman auto site is seeing movement. Chicago-based Albion Residential is beginning work on its two-tower Midtown project — here's when it's expected to open......»»

While the tech industry has been roiled by layoffs, the greater focus on AI could lead to new jobs in the future.While the tech industry has been roiled by layoffs, the greater focus on AI could lead to new jobs in the future......»»

No industry was safe from coronavirus-related layoffs in 2020. And though the end of the pandemic seems to be in sight in 2021, furt.....»»

Car OEMs continue to see their production disrupted by the ongoing shortage of related chips and components, with some forced to suspend their output due to chip supply constraints, according to industry sources......»»