Author: KEITH NAUGHTON, DAVID WELCH and GABRIELLE COPPOLA
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The next American car recession has already started
These should be boom times for Detroit. Unemployment is at a half-century low, gasoline is cheap and auto sales in the U.S. were near record levels last year. Yet the industry is behaving like a recession has arrived.
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As Detroit show opens, the next car recession has already begun
These should be boom times for Detroit, yet the industry is behaving like a downturn has arrived. In the car segment it already has, and that promises to put a damper on the Detroit auto show.