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.
Five assembly plants, 10,000 workers.
“The whole semiconductor industry could collapse.”
The numbers are out. Even Japanese consumers, supposedly suffering from deflation, are getting whacked. No one escapes.
Six million Americans are 90-plus days delinquent.
“Car Recession” now expected to spread to 2017.
Auto Sales, Construction Get Totally Crushed.
New vehicle sales down 53% since 2012. Bloodletting among manufacturers.