Ex-Stellantis CEO, in new book, says he sees carmaker potentially breaking up
Stellantis is the 22nd-largest employer in Indiana with about 6,100 full-time Hoosier employees, according to IBJ research.
Automakers
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Stellantis announces $13B investment in US facilities, including Kokomo
The company had previously said it would make additional investments in several of its Kokomo facilities to produce an all-new vehicle.
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IBJ Podcast: The risks tariffs pose to Indiana’s manufacturing-heavy economy
President Trump wasted little time turning to economic policy once his second term began, imposing or threatening to impose a barrage of tariffs on many of Indiana’s trading partners.
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Subaru to stop production of Legacy model
The Legacy, which was designed for the American market, became the first Subaru manufactured in the United States when the Japanese company began production at its plant in Lafayette, Indiana, in 1989.
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UAW members at Allison Transmission gear up for strike if contract talks don’t progress
The 1,500 members of UAW Local 933 are making plans to walk out at Allison Transmission if the company doesn’t meet the union’s demands.
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Articles
Toyota reports 37% drop in profit, cuts forecast due to Trump’s tariffs
Toyota’s production facility in Princeton, Indiana, is operated through its Toyota Motor Manufacturing Indiana subsidiary, which is the 15th-largest employer in the state.
Stellantis announces job cuts at Indiana EV battery plant
StarPlus Energy LLC, the joint venture between global automaker Stellantis and Samsung SDI, is laying off workers, Stellantis announced Wednesday.
Tesla found partially liable for fatal 2019 crash, hit with $243M in damages
The verdict is a stunning rebuke for CEO Elon Musk’s company, which for years has avoided responsibility when its technology is involved in a crash.
US automakers say Trump’s tariff deal with Japan puts them at disadvantage
U.S. automakers say they will face steeper import taxes on steel, aluminum and parts than their competitors.
Stellantis warns of $2.7B loss in first half due to tariffs, big changes
The automaker, which earlier this year laid off workers in Kokomo, anticipates an impact of about $351 million for net tariffs incurred, as well as planned production losses.
Stellantis offers to help suppliers pay tariff costs
The discussions highlight how the auto industry is beginning to digest the initial fallout from President Donald Trump’s escalating trade war.
Stellantis announces temporary layoffs, production pause in response to tariffs
A spokesperson for the company said the layoffs will impact workers at three Indiana facilities.
Automakers report stellar sales ahead of tariffs taking effect
The major car companies say sales rose sharply in March, with most reporting double-digit gains.
Automakers want to start banks, hoping to benefit from lighter-touch rules
In addition to the three U.S. carmakers, several other nonfinancial businesses are interested in seeking regulatory permission to launch their own banks.
Honda: No announcement made regarding Indiana plant, despite reports and Trump nod
The president may have been referencing earlier reports that the Japanese automaker was planning to move some production from Mexico to Indiana in response to impending tariffs.
Nissan, Honda to attempt merger that would create world’s No. 3 automaker
The two companies said they had signed a memorandum of understanding on Monday and that smaller Nissan alliance member Mitsubishi Motors Corp. also had agreed to join the talks on integrating their businesses.
Tesla recalling almost 700,000 vehicles due to tire pressure monitoring system issue
The recall includes certain 2024 Cybertruck, 2017-2025 Model 3 and 2020-2025 Model Y vehicles.
Nissan, Honda confirm talks on closer collaboration but cool merger speculation
Nissan’s share price soared more than 22% after reports citing unnamed sources said it might merge with Honda to form the world’s third-largest automaking group.
Stellantis CEO Carlos Tavares resigns as carmaker continues to struggle with slumping sales
In recent months, Tavares had come under fire from U.S. dealers and the United Auto Workers union after the release of dismal financial performance reports.
Ford, facing economic headwinds and weak EV sales, to cut 4,000 jobs in Europe
Ford sales fell 15.3% in the first nine months of the year compared to the same period last year, according to the European Automobile Manufacturers’ Association. The company’s market share shrank to 3% from 3.5%
U.S. agency says Tesla implies its vehicles can drive themselves. They can’t.
The agency began the investigation in October after getting reports of four crashes involving “Full Self-Driving” when Teslas encountered sun glare, fog and airborne dust. An Arizona pedestrian was killed in one of the crashes.
Elon Musk unveils Tesla’s ‘Cybercab,’ plans to bring autonomous driving tech to other models
Tesla expects the Cybercabs to cost under $30,000, Musk said. He estimated that the vehicles would become available in 2026, then added “before 2027.”
GM offering adapters to help electric vehicle owners access Tesla chargers
The Detroit automaker said Wednesday that it is opening up access to more than 17,800 Tesla Superchargers for its customers, with the use of a GM approved NACS DC adapter.
Stellantis pledges to tackle problems in North America as profit plunges
In the U.S. in June, it took an average of 97 days on dealer lots for Stellantis to sell vehicles, the highest in the industry, according to Edmunds.com.