The Automotive Industry's Black October Bleeds into Bleak November
The automotive industry dubbed last month "Black October" and many wonder, as this month comes to an end what its moniker will be. With labour unrest, announcements of massive job cuts and low sales, November has been quite grim for most carmakers. According to Reuters news agency, Ford Motor Co. and General Motors Corp. can expect to post more losses when they publish their November U.S. sales results this week.
