The Trump Administration can’t say they weren’t warned. Marry Barra is meeting with Trump Chief Economic Advisor Larry Kudlow on Monday after announcing that the company would lay off as many as 14,700 workers in key swing states that helped elect Trump in 2016. Barra warned the administration over the summer that auto tariffs would […]
Auto Dealership Stocks Plunge on Bank of America Warning of ‘Looming Tsunami’…
BofA/Merrill analyst John Murphy downgraded Lithia Motors to Underperform from Neutral and cut its price target to $92 from $106. The analyst lowered US sales and North American production forecasts saying year-to-date sales tracking down 2%, following a likely peak in 2016, and there is a “looming tsunami” of off-lease volumes that will hit the […]