By on May 23, 2019

Over the last six months, automakers have announced roughly 38,000 job cuts as part of global restructuring efforts. While such things are typically part of the normal ebb and flow of the industry, the ebb could be a prolonged one as manufacturers seek ways to mitigate the high cost of tech and figure out what their businesses should look like in the 21st century.

A litany of other issues are impacting jobs. China’s economy turned out to be less stable than presumed, trade tensions have escalated in practically every major market that builds cars, and most of the developed world appears to be nearly tapped out in terms of sales growth.

As a result, analysts are growing concerned that the layoffs we’ve seen thus far are just the beginning. But they’re not the only ones. Industry insiders are also willing to admit that times are changing — and rather drastically.  (Read More…)

Recent Comments

  • Inside Looking Out: Was Mercedes considered to be at the same level of luxury and prestige as these cars (Lincoln and...
  • slavuta: I don’t know about Putin but Sleepy Joe just said that Hitler invaded Europe
  • Arthur Dailey: And you proclaim your belief that the USA requires or would benefit from a right wing dictatorship?...
  • conundrum: https://www.hagerty.com/media/ opinion/avoidable-contact-65-t he-autonomous-grift-and-how...
  • Arthur Dailey: @oldwrx: first my best wishes. But secondly do not many who are considered disabled rely on social...

New Car Research

Get a Free Dealer Quote

Who We Are

  • Matthew Guy
  • Timothy Cain
  • Adam Tonge
  • Bozi Tatarevic
  • Chris Tonn
  • Corey Lewis
  • Mark Baruth
  • Ronnie Schreiber