Automotive
Tariffs as high as 25 percent on vehicles and parts entering the United States could shut down North America's entire automotive industry, according to Flavio Volpe, president of the Automotive Parts Manufacturers' Association.
Converting firm Nitto is shuttering three plants — resulting in the loss of 298 jobs total — in Alabama, Ohio and Virginia, and will add 220 jobs with the opening of a new facility in Kentucky.
Toronto-based injection molder Markdom International Inc. will launch a subsidiary in Charlotte, Mich., investing $19 million in a new facility and creating 170 jobs.
Continental AG's planned spinoff of its automotive unit will make the business more nimble as it adapts to shorter vehicle development cycles and increased competition, executives said.
At its height, NAIAS in Detroit was truly an international show, where anyone involved in the auto industry was expected to show up.
Auto industry executives and analysts have lamented wide swings in federal policies that come every four to eight years, arguing that more moderate changes to emissions standards and electric vehicle rules would be easier for the industry to navigate.
Honda Motor Co. and Nissan Motor Co. plan to merge under a holding company with the top executives chosen by Honda in a historical reshuffling of Japan’s auto industry meant to keep the country’s second- and third-largest players competitive amid a global onslaught of new competitors and technologies.
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The University of Akron, in a city that’s also the center of a sustainable polymer industry hub that’s also received more than $80 million in federal and state funding, is focused on ways to reclaim and recycle the plastics that go into, or more accurately around EV batteries.
Foxconn — most known for molding and assembling iPhones and other electronic technology — has been investing in electric vehicle manufacturing capacity.
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