Martes, Agosto 13, 2019

GM, Ford prep for possible downturn

Tit-for-tat tariffs between the U.S. and China have increased raw material costs for the auto industry, which is facing weak consumer demand in both countries, fueling fears of a global recession. GM has modeled moderate and severe downturns similar to 2008-09 to determine how it might affect profits and cash flow.



from Section Page News - Automotive News https://ift.tt/2Z27PrF via Falls Church auto repair

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