Honda and Toyota Plant Closures Threaten 500,000 American Jobs Amid Tariff Concerns
Japanese automakers Honda and Toyota are considering shutting down their US manufacturing plants in response to proposed tariffs, putting 55,000 direct jobs at risk. The closures could trigger devastating ripple effects, potentially eliminating up to half a million jobs across local economies and supply chains.
Cleveland-Cliffs to Idle Dearborn Steel Plant, Laying Off 600 Workers Amid Auto Industry Slowdown
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
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.