Detroit Axle faces tariffs head-on and avoids layoffs, plans expansion

• Auto parts supplier Detroit Axle thought it had to eliminate jobs due to tariffs, but then something good happened. • Detroit Axle's sales are rising as competitors offered less, allowing it to avoid layoffs. • Detroit Axle will still see lower profits as tariffs cost it $7 million a month compared to $700,000 a month a year ago. Detroit Axle CEO Mike Musheineshwatched his costs to import auto parts soar starting in April when President Donald Trump imposed 25% tariffs on imported vehicles and auto parts. To remain competitive,...