First oil & gas, then construction, then new vehicle sales.
Something is out of whack on the expense side.
Retail sales are held up by only two sectors. The rest are sinking.
Bank regulators have been warning, now it’s happening.
Despite what you might think, automakers did not “cut back” on fleet sales. But keep an eye on rideshare companies.
Other US companies are equally vulnerable.
Just days ago, CEO Marchionne tried to soften up Trump.
GM’s huge post-bailout investments in China bear fruit.
The hype has been deafening, as US “car recession” spreads among largest automakers.
Whacked by slow demand, Ford cancels plant in Mexico, shifts car production to existing plant in Mexico.