November 27, 2018・Key Gold Headlines
Has the Auto Bubble Popped? GM Announces Plant Closures and Layoffs
Last week, we reported that it looks like the air is coming out of housing bubble 2.0. Now it appears the auto bubble may have also popped. Yesterday, GM announced plant closures and layoffs due to sluggish sales. The big automaker said it plans to shutter five North American factories and slash around 14,000 jobs.