CHENNAI, India—Production at Tata Electronics' plant in southern India, which manufactures iPhone components for Apple, will remain suspended indefinitely following a weekend fire, officials confirmed.
PARIS, France—Stellantis, the world's fourth-largest automaker, reduced its 2024 profit forecast and warned of higher-than-expected cash burn due to weak global demand and rising competition, particularly from China.
INGERSOLL, Canada—General Motors Co. and Unifor, the union representing autoworkers in Canada, reached a deal Sept. 23 on a new contract for workers at GM’s CAMI Assembly plant here.
WASHINGTON—Donald Trump says he will impose a 200 percent tariff on John Deere’s imports into the United States if the company moves production to Mexico as planned.
SEATTLE, WA—Boeing proposed a 30% general pay increase over four years to more than 32,000 striking workers, in what it called a "best and final" offer. The offer also included reinstating a performance bonus, improved retirement benefits, and a doubled ratification bonus of $6,000 if workers accepted the deal by Friday.
SEATTLE, WA—Boeing significantly increased its contract proposal to the Machinists union today to end the strike that poses a serious threat to the company's operations.
WASHINGTON—Monroe Capital LLC announced plans to launch a new fund, the Drive Forward Fund LP, valued at up to $1 billion to support smaller auto suppliers as the industry shifts from gasoline to electric vehicles (EVs).
Fairfax, KS—General Motors (GM) recently announced plans to lay off 1,695 workers at its Fairfax Assembly plant in Kansas, as outlined in a Worker Adjustment and Retraining Notification (WARN) notice in mid-September.