Sept. 11, 2025 | Hyundai-LG workers head back to South Korea; TD Cowen’s Itay Michaeli
About this episode
Hyundai and LG workers are returning to South Korea after an immigration raid, despite President Trump's offer to keep them in the U.S. Meanwhile, analysts report that Tesla drivers are switching to legacy brands, citing Tesla's aging lineup and political controversies. ZF is restructuring and appointing a new CEO amidst job cuts. TD Cowan's Etai McKelley discusses the auto industry's surprising resilience to tariffs, highlighting strong consumer demand and the impact of de-urbanization trends on vehicle ownership. The conversation also touches on potential profit opportunities from easing emissions regulations.
Hyundai and LG workers are traveling back to South Korea despite an overture from President Trump to stay. Analysts say Tesla drivers are defecting to legacy brands in big numbers. Plus, TD Cowen’s Itay Michaeli talks about how well the auto industry is adapting to tariffs.
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