Automotive
Automaker Stellantis North America officials are telling suppliers that the automaker will cover their tariff costs as long as they are taking measures to mitigate exposure.
TI Fluid Systems in recent years launched a host of programs aimed at boosting DE&I at the company, including training programs for executives and leaders, and the establishment of women’s empowerment networks and diversity councils in each region.
Automakers and suppliers both stand to see costs and the volatility of their production schedules rise if U.S. tariffs on imports of Canadian and Mexican goods go through.
Gone are the days of suppliers touting major new factory investments for electric vehicle parts and their potential for growth in new markets and segments.
Plastics automotive parts suppliers will need to be on top of their games in the years ahead to deal with the uncertainties of a changing market.
For the most part, auto makers are not meeting consumer expectations for EVs, according to a report by Boston Consulting Group.
Injection molder Heyco-Werk USA Inc. is investing $12.75 million to build a new 65,000-square-foot manufacturing facility in North Carolina.
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