Trump's new auto tariffs will apply to passenger vehicles (including sedans, sport utility vehicles, crossover utility vehicles, minivans, and cargo vans), light trucks, and certain automobile parts (including engines and engine parts, transmissions and powertrain parts, and electrical components).
Upon the request of US chassis manufacturers, the Commerce Department this week initiated investigations into the alleged dumping and subsidization of chassis imported from Mexico, Thailand, and Vietnam.
President Donald Trump on Wednesday signed a proclamation that will impose a 25% tariff on most imported passenger vehicles.
South Korea’s Hyundai has formally announced a nearly $6-billion investment to build a steel mill in Louisiana to supply steel for the company’s automotive interests in the southeastern US.
Cleveland-Cliffs Inc. has introduced a new employee incentive program to promote American-made vehicles, support domestic production, and strengthen US supply chains.
North American auto assemblies recovered in January, surging 33.4% above December and rebounding from a three-year low. However, according to LMC Automotive data, assemblies were still 0.1% lower year on year (y/y). After slumping in December to the lowest total since July 2021, January’s assemblies returned to typical seasonal levels. Sentiment remains tempered as carmakers […]
US light-vehicle (LV) sales slowed to an unadjusted 1.11 million units in January, a sharp cut of over 25% from December but still 3.8% above year-ago totals, according to US Bureau of Economic Analysis data. On an annualized basis, LV sales were 15.6 million units in January, down from 16.9 million units the month prior […]
ArcelorMittal announced on Thursday that it will begin the construction of its new $1.2-billion electrical steel mill in Alabama later this year. The steelmaker said it is proceeding with plans to build the new greenfield mill near its existing AM/NS joint venture in Calvert, Ala. The ArcelorMittal Calvert plant will have an annealing pickling line, […]
North American auto assemblies dropped in December, a sharp 22.6% fall below November, reaching the lowest mark in over three years. Assemblies were also down 5.7% year on year (y/y), according to LMC Automotive data. December’s assemblies reached the lowest total since July 2021. Sentiment remains tempered as carmakers continue to downgrade and adjust vehicle […]
US light-vehicle (LV) sales jumped to an unadjusted 1.49 million units in December, a rise of 9.6% from November and 2% from a year ago, according to data from the US Bureau of Economic Analysis. On an annualized basis, LV sales were 16.8 million units in December, up from 15.6 million units the month prior […]
The move comes less than two months after Tavares announced that he would step down in early 2026.
North American auto assemblies rallied in October, rising 11.3% above September, reaching the best output year to date. Assemblies were also up 7% year on-year (y/y), according to LMC Automotive data.
A look at this week's aluminum news
General Motors is laying off ~1,000 workers globally, with most located in the US, according to a report Friday in Reuters.
According to data from the US Bureau of Economic Analysis, US light-vehicle (LV) sales accelerated to an unadjusted 1.33 million units in October, a rise of 1.7% from September and 10.6% from a year ago.
North American auto assemblies fell by nearly 7% from August, but were still ahead of July’s 20-month low. Assemblies were also down just under 1% year on year (y/y), according to LMC Automotive data.
US light-vehicle (LV) sales fell to an unadjusted 1.17 million units in September, down 12.8% from a year ago, the US Bureau of Economic Analysis (BEA) reported. Despite the year-on-year (y/y) drop, domestic LV sales rose 3.3% month on month (m/m).
European automaker Stellantis’ CEO Carlos Tavares will step down at the conclusion of his CEO term in early 2026. The company announced other sweeping management changes, including a new North America CEO.
European automaker Stellantis is mulling a major management shakeup following the company’s recently lowered 2024 guidance. This comes amid a spate of layoffs in the last few months at Stellantis, which has significant operations in the US, and at General Motors.
General Motors is temporarily stopping production at a plant in Michigan and one in Texas due to supply-chain fallout from Hurricane Helene.
Netherlands-based automaker Stellantis has lowered its guidance for 2024 due to woes in the North American market and weakening worldwide industry dynamics.
The United Auto Workers (UAW) union has reached a tentative labor agreement with Ford, averting a potential strike at a truck plant in Dearborn, Mich.
The United Auto Workers (UAW) union has threatened to strike at Stellantis and at Ford’s Dearborn, Mich., truck plant.
General Motors and Hyundai Motor Co. announced they will be linking up to explore collaborating across a variety of areas, including their sourcing of steel.
Automaker Stellantis said it will invest more than $406 million in three Michigan facilities.
US light-vehicle (LV) sales improved to an unadjusted 1.42 million units in August, up 7.6% from a year ago, the US Bureau of Economic Analysis (BEA) reported.
SMU Steel Summit 2024 speakers weighed in on an array of topics surrounding the electric vehicle movement, including advancements in technology and infrastructure, consumer adaptation, and regulatory challenges
The United Autoworkers (UAW) union said that several locals are preparing to file grievances against Stellantis, which could lead to a national strike against the automaker.
North American auto assemblies slumped by more than 14% from June, falling to a 20-month low in July. Assemblies were also down 1.5% year on year (y/y), according to LMC Automotive data.
US light-vehicle (LV) sales slipped to an unadjusted 1.273 million units in July, down 2% vs. a year-ago, the US Bureau of Economic Analysis (BEA) reported. The year-on-year (y/y) decline in domestic LV sales came despite a 4.2% month-on-month (m/m) rise.