The top two U.

S. automakers are preparing for a possible economic downturn, the companies said on Tuesday, as an ongoing trade war between Washington and Beijing fuels fears of a global recession.

Tit-for-tat tariffs have increased raw material costs for the global auto industry, which is already dealing with weak demand in both China and the United States.

Ford Motor Co. has a cash buffer of $20 billion for a potential downturn event, Ford North American CFO Matt Fields said at a J.P. Morgan Conference in New York.

Read Article

GM And Ford Fear Economic Downturn As Trade Wars Loom

About the Author


User Comments


Add your Comments

Images hosted in your AgentSpace can now be posted in the comments section using the following syntax (case matters): [img]IMAGE URL[/img]
Example: [img][/img]