Auto Industry Decline Leads to Job Cuts After stellar sales figures in 2016, demand for U.S. cars has cooled off this year. What has followed the slumping demand is a string of U.S. automotive industry layoffs, which has left thousands of factory workers out of work. With all major U.S. automotive companies turning to cost-cutting and restructuring (more…)
American Auto Industry Slows as Americans Spend Less on Vehicles The latest data on U.S. consumer spending reveals a glaring trend: Americans are cutting back their expenditures on personal transport. According to the statistics on consumer expenditures for the year 2016 posted by the U.S. Bureau of Labor Statistics, Americans are buying fewer cars, despite having (more…)
The Federal Reserve published its monthly Industrial Production and Capacity Utilization report for the month of July, which showed a dip in American manufacturing, due primarily to a decline in production within the auto industry.
The Auto Industry May Be Headed Towards a Downturn—Or Already Be in One The auto industry is the focus of much political posturing and attention. Cities like Detroit were once economic powerhouses and home to a thriving middle class, but have since been impacted hard by the decline in manufacturing jobs due to automation and (more…)
An Indiana-based factory that manufactures fuel pumps, Carter Fuel Systems, is laying off more than 80 hourly workers in response to sluggish industry demand.
General Motors Is Closing Two Plants for Longer Summer Breaks The biggest automaker in America, General Motors Company, is extending its summer factory shutdowns this year. At least two of the company’s factories will be closed for a longer period than usual, in order to scale back production.
Auto Industry Unexpectedly Announces Layoffs American automakers General Motors Company and Ford Motor Company are cutting more factory jobs than the market had previously expected.
Challenger Report Details a Nine-Percent Uptick in Job Losses for May Compared to 2016 As many as 33,092 jobs were reportedly lost in May, mostly as a result of cutbacks in the retail and auto industries, according to outplacement consultancy firm Challenger, Gray & Christmas.
General Motors is Laying Off Hundreds at Michigan Factory The biggest automobile manufacturer in the U.S., General Motors Company, is eliminating one of the two shifts at its transmissions plant in the state of Michigan.
Uniquely American Brand Turns to Outsourcing Harley-Davidson Inc (NYSE:HOG), the motorcycle manufacturer known as an international American icon, has begun shifting its building focus to the East, opening up new factories in Asia in order to get around tariff barriers.