In April, President Donald Trump made good on a campaign promise and ordered the Commerce Department to conduct a “Section 232” review of steel imports. A provision of the Trade Expansion Act of 1962, Section 232 authorizes the gov-ernment to take action to limit imports of products if they threaten national security.
DETROIT—UAW President Dennis Williams said independent, outside counsel would lead an internal investigation into allegations that union officials were illegally funneled $1.2 million by Fiat Chrysler’s former labor chief.
DEARBORN, MI—Exactly 100 years ago today—July 27, 1917— the first Ford Model TT truck rolled out of the assembly plant, beginning an American love affair with pickups that still burns hot.
MUMBAI, India—During the next five years, Indian conglomerate Mahindra Group plans to invest an additional $1 billion in the United States, where it is hoping that its two-wheel electric scooters will win over American millennials. Mahindra has already invested $1 billion in the United States, where it has 3,000 employees.
MONTGOMERY, AL—Alabama’s auto industry continues to thrive, racking up new jobs and investments in communities across the state. Last year, there were at least 68 auto projects, for an estimated total of 3,848 jobs and $907.1 million in new capital investment. New projects announced this year push that total past $1 billion and add hundreds of more jobs.
COLUMBUS, OH--A surge in auto-manufacturing jobs since the start of the decade provided a desperately needed lift for Ohio as it climbed out of the worst recession since the Great Depression. But, that growth has stalled, based on recent figures, and analysts expect the job totals to remain flat or even shrink.
MILWAUKEE—There are a lot of good reasons for Harley-Davidson to open an assembly plant in Thailand, and few, mostly jingoistic, ones against it, but the irony is that the quintessential American motorcycle maker is going abroad because it is being punished by the same sort of trade rules it once championed.
TOKYO—Toyota Motor Corp. wants to smooth the oft-bumpy ride for startup companies by forming a new venture capital business. Armed with an initial $100 million to invest, Toyota AI Ventures will seek companies that are taking on challenging research related to artificial intelligence and robotics.
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