Auto industry
Stellantis agrees to sell its idled Brampton plant
Stellantis signed an asset purchase agreement Nov. 9 to sell the Brampton Assembly Plant in Ontario, with its equipment, to Canadian armored-vehicle maker Roshel for an undisclosed price; the two will also explore defense-industry work together. Stellantis ties the sale to its goal of roughly 80% North American capacity utilization by 2030, says it is prepared to negotiate a settlement with Unifor for represented employees, and expects the deal to close by the end of 2026, subject to government and regulatory conditions, per Stellantis. Link
The other stories from Tuesday, November 10, 2026.
Honda commits $3B to a fourth Ohio auto plant
Honda plans a $3 billion Ohio assembly plant for 2029, built for hybrids, gas models and EVs. The broader Ohio package, including engine and transmission work, is $3.38 billion and 2,390 jobs.
Read the full summary →
Honda raises its profit forecast despite heavy EV charges
Honda lifted its fiscal 2027 operating profit outlook to $4.93 billion despite $3.06 billion of first-half EV-related losses, helped by hybrid demand and stronger financial-services profit.
Read the full summary →
Hertz moves used-car retail off the lot
Hertz is closing its standalone used-car lots and moving sales online, to TestDrive+ at rental branches, and to retail partners, as reported by CDG News. CDG cites a Nov. 20 finish, a date Hertz has not confirmed.
Read the full summary →
October's sales pace slips as prices set a record
October's selling rate slipped to 15.5 million, below September and Cox's forecast, even as raw volume rose on an extra selling day. The average transaction price topped $51,000 for the first time.
Read the full summary →
Used supply hits a post-pandemic high
Used listings reached their highest level since COVID in October, with most of the year-over-year gain in vehicles three years old or newer. Asking prices eased slightly but remain almost $1,000 above a year ago.
Read the full summary →
Car-Mart's lenders extend relief to Nov. 12
America's Car-Mart received another short lender waiver, lasting only through Nov. 12, after the prior relief expired the day before. These extensions have rolled since Sept. 4 and are not a permanent fix.
Read the full summary →
Cox's economist sees the Fed leaning toward higher rates
Cox's chief economist, Jeremy Robb, sees a path back to rate hikes, citing a firmer job market and inflation near 4%. That is Cox's forecast, not a Fed decision.
Read the full summary →
Q3 household debt report arrives this morning
The New York Fed's household-debt report, including auto loans, is due this morning at 11:00 a.m. ET (10:00 a.m. CT). The figures cover activity through the end of September.
Read the full summary →
