Wolf Richter with radio host Jim Goddard on This Week in Money, discussing post-hurricane new- and used-vehicle sales and how to deal with “flood cars” that will be showing up everywhere for years to come. The development of self-driving cars has stirred up enormous activity, but when can we finally buy one, if ever, and what might it look like on the inside?
Starting in mid-November and going through the rest of the year, General Motors, hounded by overcapacity, will close its Detroit-Hamtramck assembly plant and lay off about 1,500 workers. When the plant does resume production, output will be cut by 20%. But some other automakers are doing just fine selling cars. Read…. GM to Lay Off 1,500 More Workers, as its Car Sales Plunge Twice as Fast as Rest of Industry