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GM, Ford prep for possible downturn

Posted By GMbeat on Articles

https://www.autonews.com - 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.

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