Business News & Evaluation Global Automotive Industry Forecast 2020
Statistics for business and economicsAutomotive manufacturing is one particular of Europe’s most enduring industrial activities, and it accounts for millions of jobs, billions of euros in investment, and represents a large portion of the continent’s exports. The US auto industry is a major player in the country’s economy, with automakers and their suppliers at present responsible for three% of America’s GDP. No other manufacturing sector generates as many American jobs, suggesting a period of contraction may have dire consequences for the US economy in the long-term. The Donald Trump administration has talked for some time of escalating tariffs to boost the domestic auto marketplace and place customers off investing in imported autos – nevertheless the likely effect of tariffs would see the domestic market stung by inflated prices for components and maintenance, costing producers between $21.six billion and $23.8 billion, which in turn would boost rates for buyers who would … READ MORE ...
