Ford Motor shut down a battery factory and laid off 1,600 workers after President Trump and Republicans gutted government support for electric vehicles.
Category: Factories and Manufacturing
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Laid-Off Battery Plant Workers Pin Blame on Ford, not Trump, for Lost Jobs
The New York Times – Business: -
Ford Will Make a Play for a Different Battery Market
The New York Times – Business:The company, long focused on cars and trucks, plans to begin manufacturing large batteries used by utilities, data centers, other businesses and homeowners.
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Tesla’s Model S, Soon to Be History, Changed the Auto Industry
The company’s chief executive, Elon Musk, said this week that it would stop making the car, an electric pioneer in 2012, as well as the Model X.
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Trump’s Trade Policies Sort Manufacturers Into Winners and Losers
Tariffs have protected some companies, but more often they’ve hit the parts and materials many factories need to make finished goods.
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At World’s Busiest Port, China’s Unbalanced Economy Comes Into View
The shipping traffic and factories never stop in China’s port city of Ningbo, but the local housing market has crashed and nearby restaurants sit empty.
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U.S. Automakers’ Foreign Troubles Now Extend to Canada
U.S. trade policy has devastated the Canadian auto industry and pushed the country to reach an agreement that will make it easier for Chinese companies to sell cars there.
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Trump’s First Year Could Have Lasting Economic Consequences
President Trump’s policies have so far done little to change the overall state of the American economy, but economists warn they will ultimately weaken the United States.
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Trump Imposes Limited Tariffs on Foreign Semiconductors
The tariffs will allow President Trump to take a cut of Nvidia’s chip sales to China while putting off a decision about imposing higher taxes on the chip industry.
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Trump Credits ‘Mister Tariff’ for the Country’s Strength. Economists Beg to Differ.
Many indicators appear to suggest that the United States is growing despite tariffs, not because of them.
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China’s Trade Surplus Surged 20 Percent to New Highs
A currency kept weak to help Chinese factories, combined with faltering consumer spending, propelled exports, while a campaign for self-sufficiency limited imports.
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Trump Administration Nears Deal With Taiwan
The trade deal would cut tariffs and include a commitment from Taiwanese Semiconductor Manufacturing Corporation, the island’s chip giant, to build more manufacturing plants in the United States.
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Volkswagen Suffers More Than Rivals From Auto Industry Woes
The German automaker’s sales in the United States plunged last year, hit by tariffs and the end of tax credits for electric vehicles.