You are here

US carmakers cutting jobs as growth slows

Industry analysts say consumers might be pulling back on spending because of tighter credit conditions and more expensive vehicle loans

BT_20170706_CPAUTO6_2966927.jpg
Workers in the body shop of the Ford plant in Hangzhou, China. The company says it plans to move production of its Focus sedan to China from Michigan in a bid to cut costs.

Detroit

AFTER a prolonged recovery that culminated in two years of record sales, the American car industry is slowing down, with fewer buyers in dealer showrooms and fewer workers on the factory floor.

Carmakers said this week that sales dropped in June for a sixth consecutive

sentifi.com

Market voices on:

Powered by GET.comGetCom