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Ford, Rivian, GM: Concern About Outlook for Carmakers Piles Up

Ford, Rivian, GM: Concern About Outlook for Carmakers Piles Up

Life for the car manufacturers is becoming tougher as the economic slowdown worsens. Demand for cars is likely to sharply slow as consumers delay buying a new vehicles. "This is in keeping with our macroeconomic board's reduced forecast for 2.5% global GDP growth this year and 2.1% in 2023 ... on the back of substantial inflation, and higher interest rates meant to tame it," Moody's explained.