The Metro: βThe auto industry is in a mess.β It could get worse.
Chaos. Thatβs the trend line in the auto sector of our economy. A war in Iran has raised gas prices. A Trump administration antagonistic to electric vehicles has reshaped the auto industry, causing Stellantis, General Motors and Ford to lose a combined $52 billionΒ as theyβve shifted away from their electric investments.Β
And through it all, the Trump administration has enacted tariffs. Recently, theyβve gotten steeper.Β
In August, America enacted new tariffs on Canadian aluminum and steel. Canada responded with tariffs on many US goods, including those aforementioned products.Β
Meanwhile, the price of cars β especially used cars β are increasing.
What do these trends mean for auto companies and auto workers? How are customers affected? And, how are both parties trying to adapt to rapidly changing policies?
Paul Eisenstein is the editor of headlight.news. Heβs also the publisher and editor of βThe Car Collectiveβ Substack.Β He spoke with The Metroβs Sam Corey.
Hear the full conversation using the media player above.
Listen to The Metro weekdays from 10 a.m. to noon ET on 101.9 FM and streaming on-demand. Never miss an episode β subscribe to The Metro onΒ Apple Podcasts,Β Spotify,Β YouTube, orΒ NPR, or wherever you get your podcasts.Β Have thoughts? Email the show at metro@wdet.org.
Support the podcasts you love.
One-of-a-kind podcasts from WDET bring you engaging conversations, news you need to know and stories you love to hear. Keep the conversations coming. Please make a gift today.
More stories from The Metro
The post The Metro: βThe auto industry is in a mess.β It could get worse. appeared first on WDET 101.9 FM.