Seven auto groups, representing nearly 10 million jobs in the United States, posted an open letter to President Trump urging his administration to avoid imposing additional tariffs on imported autos and parts.
The automotive industry faces the possibility of a monumental capital drain in the near term as hundreds of players, including non-traditional ones, are all pouring unprecedented sums into electric and autonomous vehicles years before those technologies are fully cost competitive in the market, when consumers are questioning the cost and safety of some of the technologies, and just as the market itself is set to continue a cyclical downturn. That’s according to a new study, including a pair of consumer surveys, from AlixPartners, the global consulting firm.
On July 19, 2018 a tornado ripped through Marshalltown, Iowa, destroying homes and businesses in its path, including Action Auto Parts. The Iowa Automotive Recyclers (IAR) association shared news from Action Auto Parts Owner David Hesmer that he is working with what he has to continue to keep the doors open.