Ford, G.M and FCA are taking a beating today on Wallstreet. With Ford's stock down nearly 5% to $10 a share. It hasn't been this low since the middle of Great Recession! With the likelihood that the auto industry is on the downward trend from the record levels of the last few years, how might this affect Detroit? Will the plans for the Michigan Central Station be delayed or reconsidered if things get considerably worse?
Not to make a mountain out of what might just be a bump in the road, but considering the overall health of the economy profit warnings and massive restructuring plans seem a bit ominous heading into an era of rising interest rates and the possibly of increased tariffs.
https://www.msn.com/en-us/money/comp...cid=spartanntp
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