Economic data from the goods side of the economy continued to trend in a positive direction in June, as both retail sales and industrial production posted solid gains.
Hundreds of manufacturing firms in China seek to take advantage of the vast national investment directed at renewable energy and battery storage technology. This motivates China to capitalize on metal resources necessary for launching the electric vehicle industry.
If staying healthy in the car manufacturing industry and supply chain labor force wasn’t complicated enough, there is still the matter of the $51 billion bailout that the American taxpayer paid to save GM a decade ago.
FreightWaves spoke to Bill Rinna, Director of Americas Vehicle Forecasts for LMC Automotive to learn more about the threat Hurricane Florence poses to the auto industry.
