Cruises

The Detroit auto industry just got hit in a way it hasn't since the financial crisis

4 monthes ago   |   By Business Insider

Reuters
Not since the Financial Crisis have we seen earnings warnings by the three Detroit automakers balled up like this.
But this is far from the Financial Crisis - the economy is booming.
Dim outlooks now have markets what will happen to automakers when the times are no longer this good.
It's confession time among the Detroit automakers: GM, Fiat Chrysler, and Ford all got ugly, in unison, in one day, something we haven't seen since the Financial Crisis.
Back at the end of May, GM shares were trading at $38 when it announced that SoftBank, the Japanese company that is blowing borrowed...
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