The auto industry faces challenges worse than in 2008, lawmakers say

Posted on AllSides May 18th, 2020
From The Left

Auto manufacturing plants across the United States are resuming operations Monday, but it’s unclear whether production and consumer demand will ramp up enough for them to survive without federal aid.

If automakers fail to successfully restart — and bring in some much-needed cash, it could mean the loss of thousands of jobs and an economic crisis for the industry integral to North America. And it could force Congress and the Trump administration to step in with money.

“If we have to close again? Good luck. You’ll see a lot of...

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