Ilitch School in the Media: November 2 to November 8
How will Donald Trump’s second presidential election win affect auto industry?--with Marick Masters
Experts are weighing in on that question, and where they believe the future of the auto industry lies now that Trump is heading back into office. Some believe it’s going to create a major shift.
“I think that will be the ultimate objective of whatever mix of policies he comes up with, and it’s pretty clear where he’s going to go,” said Marick Masters, a business professor at Wayne State University. “He’s going to focus on energy, natural gas, and he’s going to focus on reduced regulation, particularly in the area of auto emissions as affects the auto industry.”
Masters believes Trump’s reposition of power will change the landscape of electric vehicles in the near future...
Experts: Trump presidency could benefit Detroit automakers, but cost car buyers more--Marick Masters
As if the U.S. auto industry's transition to electric vehicles hasn't been rocky enough, President-elect Donald Trump's victory over Democratic rival Kamala Harris adds uncertainty to the Detroit Three's push toward an all-electric future, industry watchers said.
Still, some say the domestic automakers will see some wins from Trump taking over. For example, he is expected to ease some of the environmental regulations that have pressured the Detroit Three to make a fast push toward EV adoption...
What EV policies, laws could be 'gutted' by Trump administration, Republican Congress--with Marick Masters
Donald Trump's resounding election victory Tuesday that will make him the 47th president
of the United States could prompt U.S. automakers to shift business strategy after spending
billions on a transition to electric vehicles to keep up with the Biden administration's climate
goals and China's growing EV dominance.
As Republicans appear poised to seize control of every federal policymaking body in
Washington, every automotive rule, law and incentive established by outgoing Democratic
President Joe Biden — and ones that have existed for decades — could be on the chopping
block, if campaign promises are to be believed...
What the Boeing union deal means for retirement benefits--with Marick Masters
The union employees at Boeing Co. may not have succeeded in convincing the aerospace company to restore its frozen pension plan, but they certainly made significant strides in enhancing the company’s 401(k) benefits and wages.
Whether other companies will look at Boeing’s enhanced benefits and follow suit is unknown, but Marick Masters, a professor emeritus of business at Wayne State University in Detroit, says the demand for the return of pensions was a point of leverage for the union workers in negotiations. Masters says he believes the workers used the lofty demand for restoration of the defined benefit plan to generate better offers for wages, ratification bonuses and contributions to the defined contribution plan...