National & North American Highlights 1. Honda to Procure Batteries from Toyota’s U.S. Plant In a strategic move to mitigate tariff risks, Honda Motor Co. plans to source batteries for its hybrid vehicles from Toyota’s U.S.-based plant. Starting in the fiscal year 2025, this...
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National & North American Highlights 1. U.S. Implements 25% Tariffs on Steel and Aluminum Imports On March 12, 2025, the United States imposed a 25% tariff on all steel and aluminum imports, aiming to reduce the trade deficit and bolster domestic production. The European...
National & North American Highlights 1. U.S. Imposes Tariffs on Canadian and Mexican Imports On March 4, 2025, the United States implemented 25% tariffs on imports from Mexico and Canada, excluding oil and energy products from Canada, which are subject to a 10% tariff....
Curated key Supplier Updates from Honda, Manufacturing Leaders & Industry Trends for the week of Feb. 24-March 2, 2025 National & North American Highlights Honda Adjusts Civic Production to Indiana To navigate potential cost increases linked to new U.S. tariffs on imports from Mexico,...
February 17 to February 23, 2025: 1. Foxconn Proposes Partnership with Honda Taiwan’s Foxconn has proposed forming a partnership with Japan’s Honda Motor, aiming to create a collaborative framework that includes other Japanese automakers such as Nissan Motor and Mitsubishi Motors. This move follows...
With shifting workforce expectations, evolving job markets, and ongoing competition for skilled talent, employee retention remains a top priority for manufacturers and suppliers. Understanding the key factors influencing retention can help your organization make informed decisions, improve workplace satisfaction, and reduce turnover. The 2025...
February 8 to February 16, 2025: 1. Ford CEO Warns of Job Losses Amid Potential Tax Credit Repeal Ford CEO Jim Farley expressed concerns over potential job losses if President Trump repeals the Inflation Reduction Act’s (IRA) electric vehicle battery production tax credits. These...
1. Honda Increases Investment in Ohio Manufacturing Facilities Honda announced an additional $300 million investment in three Ohio auto plants, bringing the total to $1 billion. This funding aims to enhance flexibility in producing electric vehicles (EVs), hybrids, and gas-powered vehicles on the same...