Cincinnati Office
PHONE: 513-412-3481
TOLL FREE: 800-427-7212
FAX: 513-412-3482
Providence Office
PHONE: 401-421-3763
TOLL FREE: 877-395-1031
FAX: 401-453-5847
Ely Razin , CONTRIBUTOR
From manufacturing and sales to lending, the auto industry is skidding on some rough spots. The question is whether or not it's looking at the commercial real estate market, another industry that revolves around debt, in its rearview mirror.
Just a few months ago, Ford announced it was putting $700 million into its manufacturing plant in Flat Rock, Michigan, and adding 700 jobs there. This week, however, the auto manufacturer said it would cut 10% of its salaried jobs in North America and Asia -- over 1,400 positions, though factory jobs are currently unaffected -- to boost its profits and its stock price.
And it's not just Ford. Click hear to read more.