#brampton-plant-closure

#brampton-plant-closure

The Islamic Revolutionary Guard Corps (IRGC) has threatened to strike 18 US technology and defense-related companies operating in the Middle East, including GE, which has contributed to a bearish sentiment among investors.

Due to a parts supply challenge with a supplier, we are temporarily pausing production on certain vehicle lines at our Solihull production facility. We are working closely with that supplier to resolve the issue as quickly as possible and minimise any impact on our clients or our operations.

Ontario's minimum wage is set to rise to $17.95 an hour on Oct. 1, increasing from the current rate of $17.60. This annual adjustment is based on the Ontario Consumer Price Index, which measures inflation.

Rocket Companies is offering voluntary separation packages that include tenure-based severance, health benefits for up to 12 months, and transition support, including job search assistance.

Every day more than $4 billion worth of goods cross the United States' borders with Canada and Mexico-U.S. auto parts headed for car factories in northern Mexico, cartons of Mexican avocados bound for California supermarkets, Canadian aluminum destined to become cans of Campbell Soup. Much of this bustling cross-border commerce is duty-free, thanks to the US-Mexico-Canada Agreement, or USMCA, that President Donald Trump negotiated with America's northern and southern neighbors during his first term.

Sales are down nearly 70 percent at Jahn Engineering, a tool and die shop that serves automakers here and in the United States. Dozens of workers have been let go following decisions made in the White House. The Canadian auto industry has been rocked by President Donald Trump's abandonment of subsidies for electric vehicles and embrace of tariffs.

Automakers are facing billions of dollars in additional costs from Trump's tariffs, particularly those levied on imported autos and car parts. Those tariffs, as well as levies targeting steel and aluminum, were implemented under a law that gives the president authority to impose import taxes on national security grounds. The duties were unaffected by the Supreme Court's ruling that struck down Trump's broader import taxes imposed on many countries.

Stellantis has just posted its 2025 financial results, and it's in the red for the first time since its formation in 2021. The company reported a net loss of $22.3 billion last year after it had to support $25.4 billion in unusual charges attributed to what now looks like a botched shift toward electric vehicles.

Shilpan Amin sits at the operational core of General Motors. As the global chief procurement and supply chain officer, his remit cuts across engineering, manufacturing, finance, and the company's vast supplier network. At GM's scale, procurement is not simply about buying parts. It determines how capital is deployed, how risk is priced and absorbed, how quickly vehicles move from design to launch, and how the company navigates geopolitical shocks while protecting long-term margins.

They were among the first workers to be laid off as GM cuts one of three shifts. Up to 1,200 autoworkers across the supply chain are expected to lose their jobs. A lot of people have some sort of resentment, but you've just got to go on, move on, said Kendrick Gordon, speaking outside the plant on his last day working for a subcontractor.

President Donald Trump will travel to Michigan on Tuesday to promote his efforts to boost U.S. manufacturing, trying to counter fears about a weakening job market and worries that still-rising prices are taking a toll on Americans' pocketbooks. The day trip will include a tour of a Ford factory in Dearborn that makes F-150 pickups, the bestselling domestic vehicle in the U.S.

As the Detroit Three automakers have made fewer cars in Canada over the past decade, Japanese car makers have kept their Canadian footprint consistent, according to a new report. The findings by the Trillium Network for Advanced Manufacturing, a non-profit think-tank at Western University that analyzes manufacturing in Ontario, show a decline in the overall number of cars made in Canada compared to a decade ago. In 2016, 2.3 million cars were assembled in the country; by 2025, that figure fell to 1.2 million.

Shares of Canadian aeroplane maker Bombardier have plunged after United States President Donald Trump threatened to decertify the private jet maker's large-cabin planes and all Aircraft made in Canada, and slap 50 percent import tariffs on new planes until Canada certified the latest aircraft produced by US rival Gulfstream. The aeroplane maker's stock was down 9 percent Friday morning on the heels of Trump's late Thursday threats.

Stellantis said it would be selling its 49 per cent equity stake in NextStar to LG Energy Solution, in a Friday morning statement. Stellantis says it remains a committed customer and will continue to source battery products from NextStar. To date, the companies say roughly 1,300 people are employed at the Windsor plant with a long-term goal of 2,500 having employees.

The packaging company, Garlock Flexibles, is closing down two facilities in Gardner and laying off 91 employees, according to a WARN notice filed with the state. The company says it anticipates the facilities at 164 Fredette St. and 77 Industrial Rowe will close by the end of September. The notice says that a small number of administrative and leadership positions will remain after the plant closures.

Directors and above will be required to be on-site five days a week from February 16, according to an email sent by Stellantis CFO Joao Laranjo on Friday. It states that the decision will improve customer satisfaction, "strengthen our culture of innovation," and create more opportunities for mentorship and skill development. A set of guidelines entitled "Back Together We Win," sent with the email, describes the five-day-a-week RTO as an "enterprise-wide initiative" that will apply to all employees in all regions.

General Motors is working to reduce the cost of its electric vehicles, beyond just using cheaper lithium-ion batteries, the automaker said Tuesday during its fourth quarter and full-year 2025 earnings call. The update comes just as the automaker booked over $7 billion in charges related to cutting down its EV ambitions last year, which includes things like contract cancellation fees and converting its Orion, Michigan, EV assembly plant for the production of full-size gas trucks and SUVs.

Ford beat earnings estimates in three straight quarters through Q3 2025, with a stunning 367% surprise in Q1. The stock responded by going... nowhere. Up 47% over the past year but still trading at $13.60, barely above where it sat in 2016. That's the Ford pattern in a nutshell: promise without payoff, execution without escape velocity.