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Cars.com™ (NYSE: CARS) today publicly released its 19th annual American-Made Index.** This is an independent look at more than 400 vehicles to create this year’s list of 100 vehicles “contributing most to the U.S. economy in manufacturing, parts sourcing and employment.” When it comes to consumer demand for American-made, 56% of in-market car shoppers are willing to pay more for a vehicle if it creates more U.S. jobs. Of those, 58% claim they are willing to pay at least an extra 10%.3 But 60% of Americans say that products need to be built in the U.S. by a company headquartered here to substantially contribute to the American economy, claims Cars.com. [see footnote 4 below]
“Over the last year, domestic manufacturing was thrust into the spotlight by the recent United Auto Workers organizing efforts and continues to be a hot topic with the impending presidential election,” said Patrick Masterson, lead researcher for Cars.com’s American-Made Index. “Pundits champion homegrown corporations as the key to investments in local and state economies. However, when it comes to the global automotive industry, the badge on the hood doesn’t always reveal a vehicle’s economic contributions. In fact, 66% of vehicles on Cars.com’s 2024 American-Made Index come from foreign automakers that support communities in Alabama, Indiana, Michigan and Ohio.” Continue reading
Stellantis Updates Circular Economy Initiatives at IARC
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Stellantis* (NYSE: STLA) claimed today that SUSTAINera, the business concentrated on Circular Economy initiatives, is making “considerable progress” on its efforts to revamp the so-called consumption model and increase its presence in recycling, expanding participation (share) in material sourcing while limiting impact on natural resources.
“Since the introduction of SUSTAINera, in 2022, we achieved very positive results in areas such as parts re-manufacturing, battery recycling and end-of-life vehicles”, said Alison Jones, Senior Vice President of Stellantis’ Global Circular Economy, who delivered a keynote presentation at International Automotive Recycling Congress (IARC), in Antwerp, Belgium. “We remain committed to our target to increase recycling revenues by ten times and achieve more than €2 billion in total circular economy revenues by 2030 – fully in line with Stellantis’ Dare Forward 2030 strategic plan.” Continue reading →