Post-Recession US Auto Market to be Half its Former Size

by Benjamin Domenech on 8:51 am March 3, 2009

CIBC Chief Economist Jeff Rubin warns that car industry in the US has undergone fundamental changes, a “correction that will yank 25 million cars off American roads over the next five years and kill 200,000 more jobs as half the country’s 51 auto plants are permanently shut down.” Industry consultant calls the report “Alarmist.”

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