Will the Trump administration spell disaster for automakers?
The day following the presidential election was full of bad news for the automotive industry… Stock prices fell as investors fretted over Trump’s stance on Mexico, and more layoffs were reported as vehicles sales continued to tank.
In January General Motors (NYSE:GM) will making the first job cuts in six years, slashing 2,000 positions.
While it’s true the industry has reason to worry over Trump’s rhetoric regarding trade with Mexico, some of the sector’s problems have been brewing for some time—creating a perfect storm of troubles that threaten to plague car makers for years to come.
Let’s look at 5 stocks most likely to take a hit under a new administration…