Wednesday, December 21, 2016

US Auto Furloughs

A slowdown in US auto sales is another sign of decline in global manufacturing. US automakers are furloughing thousands of workers for the next few weeks as they face 2017 with excess inventories not seen since the bankruptcy year of 2009. Auto sales are down from 2015 in most of the world, but spiking in China as consumers buy before the expiration of a tax incentive.

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