US Automotive Industry at Risk

Threats from China, stalling vehicle sales, slower than expected electric vehicle adoption, inadequate lobbying, wasteful product development practices and aggressive regulatory pressures are all adding up to one thing—the U.S. automotive industry at risk.

The GLC is an annual, invitation-only, meeting held at the Greenbriar Resort in White Sulphur Springs, West Virginia where top industry executives gather to discuss “thought provoking and challenging” topics, according to top organizer Renee’ Bovair, executive director, SAE Detroit section, in an interview. “The bottom line is that the U.S. automotive industry is at risk,” the paper stated. “Our manufacturing capacity and industrial workforce is withering away. On its current path the automotive industry will end the decade as a much smaller and weaker economic engine than it is now.” Indeed, the paper asserts those challenges are not just placing the U.S. auto industry at risk, but the industry is at a “breaking point.” “We really wanted to not just focus on here's a laundry list of everything that's wrong, everything that's haywire, but rather, how can we bring this into a set of recommendations, or at least somewhat of a path forward that the industry can take to try to resolve some of these enormous challenges,” said JP Flaharty, executive program manager atAt the top of the list of concerns are stringent federal fuel efficiency standards set to take effect in 2027 accelerating production and marketing of battery electric vehicles.“So far, the public is not purchasing these vehicles in the numbers required to satisfy those requirements. In fact, a significant part of the public wants no part of them,” the paper state

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Slovakia's Automotive Industry at Risk Due to Trump's Import Tar PoliciesSlovakia, known for its strong automotive industry, may face challenges due to President-elect Trump's proposed tariffs, which includes tariffs on imports from China, Canada, and Mexico, but not mentioning Europe.
Source: NBCDFW - 🏆 288. / 63 Read more »

Industry analyst predicts 2.04m new car sales in the UK next yearIndustry heavyweight Cox Automotive expects a 3.6% rise over 2024
Source: autocar - 🏆 93. / 67 Read more »

Crypto industry celebrates Trump appointing David Sacks as AI, crypto 'czar' to lead industry innovationDavid Sacks, President-elect Trump's pick for AI and crypto 'czar,' is a billionaire tech venture capitalist and podcaster who's a member of the so-called 'PayPal Mafia.'
Source: FoxBusiness - 🏆 458. / 53 Read more »

Trump's Tariff Threats Pose Risk to German Auto IndustryPresident-elect Donald Trump's plan to impose tariffs on all goods entering the U.S. could significantly impact German carmakers, who are already facing challenges. Trump's statements about targeting Germany's auto industry and imposing tariffs on China, Canada, and Mexico raise concerns for European automakers, particularly Germany, which is a major exporter of vehicles to the U.S.
Source: NBCNewYork - 🏆 270. / 63 Read more »

Slovakia's Car Industry at Risk Due to Trump's Trade PoliciesSlovakia, known as the 'Detroit of Europe' due to its robust automotive industry, faces a potential threat to its reputation as a leading car producer in the world, following President-elect Donald Trump's plans to impose tariffs on all goods coming into the U.S., including a 10% or 20% tariff from central Europe, and up to 25% on goods from Mexico and Canada. These measures could impact Slovakia's significant automotive sector, which indirectly employs over 250,000 people.
Source: NBCPhiladelphia - 🏆 569. / 51 Read more »