Cleveland-Cliffs to Idle Dearborn Steel Plant, Laying Off 600 Workers Amid Auto Industry Slowdown
• 1 min read
Major steel manufacturer Cleveland-Cliffs announces plans to idle operations at its Dearborn facility, resulting in 600 layoffs due to weak automotive production. The company maintains optimism about future U.S. trade policies while adapting to challenging market conditions.
Major Policy Shift: Executive Order Aims to Dismantle U.S. Electric Vehicle Initiatives
• 1 min read
A new executive order seeks to reverse Biden-era electric vehicle policies and emissions regulations, declaring a national energy emergency. The sweeping directive could significantly impact automakers' electrification strategies and consumer incentives while expediting mining projects.