As automaker woes mount, threat seen to jobs growth and Trump's 'manufacturing renaissance'

By MarketWatch

Jul 10, 2017

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The auto industry’s boom times are braking to a halt, claiming manufacturing jobs and complicating President Donald Trump’s promises to unleash a manufacturing “renaissance” in America.

General Motors plans to keep plants closed for 10 weeks this summer, far longer than the normal two weeks that auto makers spend “retooling” their factories every year. Other companies are planning permanent job cuts: Ford said in May that it would cut 10% of its global workforce.

Auto manufacturing lost jobs in June for the third month in a row, the Labor Department said.

Read the full story at marketwatch.com.

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