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Marketplace Morning Report

Making a correction

Feb 28, 2020

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Sign up for "Econ Extra Credit" Here

How electric cars sparked GM's exodus from Australia, New Zealand and Thailand

by Marielle Segarra Feb 17, 2020
It's part of a larger strategy to exit unprofitable markets.
A sign is viewed at the General Motors Detroit-Hamtramck Assembly as they announced the closing of multiple facilities including this one on November 26, 2018 in Detroit, Michigan.
JEFF KOWALSKY/AFP/Getty Images

After GM, the autoworkers union will turn to Ford and Fiat Chrysler

by Jack Stewart Oct 25, 2019
It's called pattern bargaining.
Ford's Chicago Assembly Plant builds the Ford Explorer, Police Interceptor Utility and the Lincoln Aviator.
Scott Olson/Getty Images

UAW says its 49K members at GM plants will go on strike

by Associated Press Sep 15, 2019
After contract negotiations between the United Auto Workers Union and General Motors break down, strike action planned for midnight on Sunday.
Bill Pugliano/Getty Images
Workplace Culture

High stakes in automaker labor negotiations

by Meghan McCarty Carino Jul 15, 2019
The Big Three have a profitable decade behind them. But from changing consumer tastes to the advent of the autonomous car, threats loom on the horizon.
Bill Pugliano/Getty Images

Fiat Chrysler and Renault might be headed toward a merger

by Andy Uhler May 27, 2019
A team-up between the two companies could lead to a huge boost in production, but a decrease in demand for new cars is expected.
The logos of automobile companies (LtoR) Abarth, Lancia, Fiat, Alfa Romeo and Jeep are pictured at the entrance to the Fiat Chrysler Automobiles (FCA) at the Fiat Mirafiori car plant on May 27, 2019 in Turin, northern Italy. - French and Italian-US auto giants Renault and Fiat Chrysler are set to announce talks on an alliance, with a view to a potential merger.
MARCO BERTORELLO/AFP/Getty Images

U.S. automakers seek advantage at Shanghai Auto Show

by Jennifer Pak Apr 18, 2019
American manufacturers are eager to win Chinese customers.
Ford Lincoln unveils a luxury SUV with seven seats at the Shanghai auto show. Other carmakers have pushed new SUVs and electric models to drive sales amid a slowdown in the industry.
Jennifer Pak/Marketplace

Electric vehicles in the spotlight at Shanghai Auto Show

by Jennifer Pak Apr 18, 2019
Electric cars are drawing attention and Chinese automakers are to the fore.
Chinese automaker BYD, a firm backed by Warren Buffet, unveiled an electric sports car at the Shanghai auto show. It’s not available for sale yet but many live streamers and car bloggers were surprised that this sleek design came from a Chinese automaker.
Charles Zhang/Marketplace

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Closing Mexico border could bring U.S. auto production to a halt

by Tracey Samuelson Apr 2, 2019
The White House is backtracking slightly on President Trump’s recent threats to close the U.S.-Mexico border on security concerns. Today, Press Secretary Sarah Sanders said there’s no specific timeline and that it’s “not our first choice,” but she also said…
A Mexican girl walks near by the metal fence between Ciudad Juarez, Cihuahua state, Mexico and Sunland Park, New Mexico, U.S., on May 3, 2018.
PEDRO PARDO/AFP/Getty Images
Brexit

As Britain plans to leave the EU, automakers plan to leave Britain

by Stephen Beard Feb 21, 2019
Some foreign automakers are abandoning their U.K. operations, resulting in job losses and further uncertainty.
A car transporter loaded with Honda vehicles is driven in to the Honda manufacturing plant in Swindon, southwest England on February 19, 2019.
ADRIAN DENNIS/AFP/Getty Images

Why Detroit is going all-in on heavy-duty trucks

by Ben Bradford Feb 6, 2019
General Motors this week announced plans to build a new heavy-duty Chevy Silverado pickup truck in Michigan as it cut 4,000 jobs.
The heavy-duty chassis of the new General Motors 2020 Chevy Silverado HD is shown at the GM Flint Assembly Plant on February 5, 2019 in Flint, Michigan.
Bill Pugliano/Getty Images