Franklin auto supplier announces 180 layoffs, plans to close in 2027
Published . Updated .
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This report is about autos.
Directly affected
- No company is named in this report.
Indirectly affected
- CARZ First Trust S-Network Future Vehicles & Technology ETF
First Trust S-Network Future Vehicles & Technology ETF: it holds carmakers and parts makers. Linked by “auto” (autos) in this story.
- XLY Consumer Discretionary Select Sector SPDR
Consumer Discretionary Select Sector SPDR: it holds carmakers and parts makers. Linked by “auto” (autos) in this story.
- TSLA Tesla
Tesla (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story.
- GM General Motors
General Motors (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story.
- TM Toyota Motor
Toyota Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story.
- F Ford Motor
Ford Motor (motor vehicles and passenger car bodies): carmakers move with demand, costs and trade rules. Linked by “auto” (autos) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| CARZ | +8.87% | +1.30% | base | after close | after close | after close | after close |
| XLY | -2.75% | -0.01% | base | after close | after close | after close | after close |
| TSLA | -12.08% | -3.29% | base | after close | after close | after close | after close |
| GM | +0.51% | +0.88% | base | after close | after close | after close | after close |
| TM | +2.87% | +2.59% | base | after close | after close | after close | after close |
| F | +2.29% | +2.20% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Franklin auto supplier announces 180 layoffs, plans to close in 2027 WYSO Public Radio
Source: WYSO Public Radio
This story
| Company | When | Move | Status |
|---|---|---|---|
| CARZ | three days earlier | +1.30% | final price |
| CARZ | five days earlier | +8.87% | final price |
| F | three days earlier | +2.20% | final price |
| F | five days earlier | +2.29% | final price |
| GM | three days earlier | +0.88% | final price |
| GM | five days earlier | +0.51% | final price |
| TM | three days earlier | +2.59% | final price |
| TM | five days earlier | +2.87% | final price |
| TSLA | three days earlier | -3.29% | final price |
| TSLA | five days earlier | -12.08% | final price |
| XLY | three days earlier | -0.01% | final price |
| XLY | five days earlier | -2.75% | final price |
Trades by members of Congress and officials in the stocks in this story
- Rep. Pete Sessions sold Tesla (TSLA) (held by a spouse), worth $15,001 - $50,000 on 2 Oct 2026. That is 40 days before publication. Filed 27 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a spouse), worth $1,001 - $15,000 on 25 Sep 2026. That is 47 days before publication. Filed 7 Oct 2026. View the filing.
- Rep. Rohit Khanna bought Tesla (TSLA) (held by a dependent child), worth $15,001 - $50,000 on 11 Sep 2026. That is 61 days before publication. Filed 7 Oct 2026. View the filing.
- Donald J Trump, an executive branch official, sold General Motors (GM), worth $1,001 - $15,000 on 24 Aug 2026. That is 79 days before publication. Filed 8 Oct 2026. View the filing.
- Rep. Kevin Hern sold Ford Motor (F), worth $1,001 - $15,000 on 31 Aug 2026. That is 72 days before publication. Filed 25 Sep 2026. View the filing.
Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).
This story
12 out of 100
“Franklin auto supplier announces 180 layoffs, plans to close in 2027” scores 12 out of 100. The score uses 1 sources.