Story Details

GM, Ford prep for possible downturn

Posted By GMbeat on Articles - 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 they might affect profits and cash flow.

Submit a Comment

Log in to comment or register here