The chief executive of Detroit Axle, which sells car parts that are mostly imported from China, is adjusting his business and hoping for a new trade deal.
After an accident during a practice session, mechanics swarm the car and grab spare parts, with the goal of making the next race. Sometimes it gets dicey.
The planned concessions to give automakers more time to relocate production to the United States would still leave substantial tariffs on imported cars and car parts.
The carmaker reported the sharp decline in quarterly earnings after its brand suffered because of its chief executive’s role in the Trump administration.