PARIS, France—Stellantis, the world's fourth-largest automaker, reduced its 2024 profit forecast and warned of higher-than-expected cash burn due to weak global demand and rising competition, particularly from China. 

INGERSOLL, Canada—General Motors Co. and Unifor, the union representing autoworkers in Canada, reached a deal Sept. 23 on a new contract for workers at GM’s CAMI Assembly plant here. 

WASHINGTON—Donald Trump says he will impose a 200 percent tariff on John Deere’s imports into the United States if the company moves production to Mexico as planned.

WASHINGTON—In some facilities, Boeing personnel are allowed to inspect their own work.

SEATTLE, WA—Boeing proposed a 30% general pay increase over four years to more than 32,000 striking workers, in what it called a "best and final" offer. The offer also included reinstating a performance bonus, improved retirement benefits, and a doubled ratification bonus of $6,000 if workers accepted the deal by Friday. 

SEATTLE, WA—Boeing significantly increased its contract proposal to the Machinists union today to end the strike that poses a serious threat to the company's operations. 

WASHINGTON—Monroe Capital LLC announced plans to launch a new fund, the Drive Forward Fund LP, valued at up to $1 billion to support smaller auto suppliers as the industry shifts from gasoline to electric vehicles (EVs). 

SEATTLE, WA—Boeing announced it will temporarily furlough tens of thousands of employees after around 30,000 machinists went on strike, halting production of the 737 MAX and other aircraft. 

SEATTLE, WA—Negotiators from Boeing and its largest union, the International Association of Machinists and Aerospace Workers (IAM), are set to resume talks on Tuesday over a labor contract as the company seeks to quickly resolve a strike that is costing the company an estimated $100 million per day.

SEATTLE, WA—Boeing CFO Brian West has issued a companywide memo detailing the steps it is taking to conserve cash during the IAM strike.