In many ways, as a manufacturing leader, you're not just managing operations—you're managing hope. Your shop-floor workers, engineers and supervisors look to you for stability amid the chaos.
The company’s Q2 automotive revenues were down 16% from the same period last year and the production ramp for its more affordable model has been pushed to the fourth quarter.
Mary Barra and her team still expect the company will be able to offset about 30% of the $4 billion to $5 billion in expected full-year costs from the trade measures.
“Demand is there” for cars, the steelmaker’s CEO said, but added that the Fed needs to address high financing costs. He predicted OEMs’ production shifts will quickly show up on Cliffs’ books.
