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| Economy |
| Trump tariffs claim first major victim as auto-parts giant files for bankruptcy |
| 2025-06-13 |
| [Daily Mail, where America gets its news] A car parts supplier pointed its finger at the Trump administration's tariffs while filing for bankruptcy. Marelli, a Japanese-based car parts manufacturer, filed for Chapter 11 bankruptcy protection on Wednesday, citing tariff-related pressures that added to its years-long financial troubles. The parts maker, which supplies components for Nissan and Stellantis, is considered a bellwether for the global auto industry. It employs 40,000 workers across plants in the US, Europe, and Asia. Marelli said it had already been navigating a challenging landscape of supply-chain bottlenecks and labor shortages following the Covid-19 pandemic. But in a court filing, CEO David Slump wrote that rising global tariffs became a tipping point this spring. 'Marelli was severely affected by tariffs due to its import/export-focused business and the imposition of tariffs specifically against automotive manufacturers and suppliers,' Slump wrote in the court filing. The company's finances began to deteriorate in March, around the same time President Donald Trump imposed 25 percent levies on imported cars and vehicle parts. |
| Posted by:Skidmark |
| #8 "which supplies components for Nissan and Stellantis" Talk about hitching your wagon to a stump... |
| Posted by: ed in texas 2025-06-13 18:20 |
| #7 Classic American truck maker grovels as it brings back an icon: 'We got it wrong' |
| Posted by: Skidmark 2025-06-13 14:26 |
| #6 So now they've found a scapegoat. Propped up by media like DM trying to put a millstone on Trump's neck. I've been documenting my scapegoat farms; most recent was purchasing a custom piece of equipment, rep was trying to sell something on lot, which is fine, but he said one custom build went quickly, but the other...it took a long time because of tariffs. My eyes rolled so hard I thought I was winning a game of Risk. |
| Posted by: swksvolFF 2025-06-13 10:22 |
| #5 British Exports To US Suffer Record Slump As Tariffs Take Effect |
| Posted by: Skidmark 2025-06-13 08:31 |
| #4 CEO David Slump? Unfortunate name |
| Posted by: Frank G 2025-06-13 02:59 |
| #3 TESLA is coming out with the S2 soon. Somewhere between 10,000 and 13,000 $. |
| Posted by: 3dc 2025-06-13 02:20 |
| #2 Companies that can't make a profit without slave labor shouldn't exist. Good riddance. |
| Posted by: Jairong+Scourge+of+the+Gepids2435 2025-06-13 02:03 |
| #1 Marelli has been having operations and financial problems for years (let's just say that the way they ran their business wasn't as efficient as it could have been). So now they've found a scapegoat. |
| Posted by: Mullah Richard 2025-06-13 00:36 |