The U.S. auto industry has rebounded well from its near collapse during the financial crisis. Auto suppliers in particular have done well, increasing employment more than 50 percent since 2008. The U.S. auto supply chain, after all, employs some 1.5 million people: four times as many people as do U.S. auto manufacturers. The U.S. auto supply chain, after all, employs some 1.5 million people: four times as many people as do U.S. auto manufacturers. The failure of GM and Chrysler during the Great Recession would have decimated U.S. auto suppliers and in turn the U.S. auto sector.
collected by :Catlin Logan
Ontario's Trade Minister heads to Washington to defend auto industry
Ontario's Trade Minister will travel to Washington this week to defend the province's auto industry at a U.S. Department of Commerce hearing. Mr. Wilson said he planned to stress the economic benefits of working with Ontario's auto sector. Story continues below advertisement"It is clear that Ontario is not a nationa- security risk to the United States," he said. "One in five jobs in Ontario, or 1.3 million jobs in Ontario, depend on good relations with the United States and our trade relations," Mr. Wilson said. "It's going to be a full-court press," Mr. Ford said after the meeting in June.Today's Pickup: Tariff terror for shippers, auto industry
according to Good morning,Impending tariffs have caused shippers to stock up, and the ports of Long Beach and Los Angeles are feeling the impact. "Peak season has come early, so to speak," said Mario Cordero, executive director of the Port of Long Beach. Cordero estimates that "70% of the Port of Long Beach's import volume is directly related to China. Unlocking blockchain's potential in your supply chainA.T. Kearney experts breakdown blockchain technology, citing its success in driving efficiency within supply chains (Supply Chain 24/7). Final Thoughts:"Cities across the world are grappling with a problem that seems to keep getting worse every year - finding a parking space.Continental splits into three units amid shifts in auto industry
The Frankfurt-listed maker of tires, powertrains, interior electronics, chassis components and sensors will split into three separate companies under a holding. "Continental Rubber," focused on the traditional tire business, may also seek a stock listing in the future. The third company, "Automotive," will combine traditional auto parts with the autonomous driving components of the future. Continental's announcement follows a general trend in the automotive industry as automakers and suppliers look at decentralizing their integrated operations to adapt more quickly to changes in the industry. Continental's Powertrain business might start producing solid state battery cells, but it will only decide on the potential investment no earlier than 2021.collected by :Catlin Logan
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