$110 billion in revenue and 3.9 million production vehicles this year due to the semiconductor shortage.
Fordannounced shift reductions and additional downtime for two plants in Michigan and Kentucky for the week of May 24, impacting production of the
F-150, and the Escape and Lincoln Corsair SUVs.
A record 10% increase in
used vehicle prices between March and April accounted for approximately one-third of the overall rise in the most recent Consumer Price Index.
The
Mexican Labor Ministryinvalidated a union vote at a GM plant in Silao after
United States Trade Representative Katherine Tai asked the Mexican government to examine allegations that employees’ rights were denied; this marks the first time the federal government initiated an action under the USMCA’s labor dispute enforcement tool.