Layoffs Loom In Auto Industry

According to Business Insider, analysts predict the global demand for cars will decline 3% in 2019.

There have been 38,000 job losses among automakers in the last six months.

One example: Commercial vehicle exports from the UK collapsed by 89% in April.

The decline of cars will hurt GDP growth.

It has already wiped 0.2% off global GDP.

The world may have already passed "peak car."

https://www.businessinsider.com/stock-market-news-opening-bell-june-3-20...

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