Half of US Automotive Plants to Close and 200,000 Jobs Eliminated?

Jeff Rubin, CIBC World Market’s chief economist, has published a report that analyzes the automotive industry

Jeff predicts that the US auto industry will undergo a massive correction that will  eliminate 200,000 more jobs as half the US’s 51 auto plants are permanently shut down.

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Scotiabank Group has also published a report on the auto industry that is not very positive.

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