Tag: U.S. automobile industry
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USD Crash vs. Euro Spells DOOM for U.S. Auto Industry: Prices Skyrocket, Jobs Vanish!
The devaluation of the U.S. dollar against the Euro is sending out shockwaves through the U.S. automobile industry, threatening its stability in a hyper-competitive international market. As the dollar's worth drops, the cost of European-sourced components– like electronics and engines from giants like Bosch– escalates, hammering earnings margins for automakers like Ford, GM, and Stellantis.…