Even the great snake oil salesman can stop this….
American’s are buying MORE imported auto’s…
In North America, about 500 workers will lose their jobs this week; the total will climb to 800 total by June, according to the Detroit Free Press. Some contract employees in the U.S. also will be let go.
By some estimates, the cutbacks could have been much more severe; one Wall Street analyst had projected as many as 20,000 job losses worldwide.
CEO Jim Hackett and other executives had signaled that Ford planned to trim costs and its management ranks. Hackett told employees that managers would have more direct reports to cut down bureaucracy.
Ford is not alone. General Motors has laid off roughly 4,500 workers since early 2017. In March, GM shut down production in Lordstown, Ohio, an area where manufacturing jobs have declined in recent years. About a quarter of America’s metro areas have been similarly affected, many in the Rust Belt, according to data provided by the Federal Reserve Bank of New York…
Note …
Some ‘imported’ auto’s are actually made in America…
Trump has backed off increased import taxes against them….
image….money.cnn.com