GM, Ford prep for possible downturn

As part of planning for a possible economic downturn in the U.S., GM's CFO said the company would consider deferring non-essential capital outlays and a shift to lower-priced vehicles. (DAVID PHILLIPS)

By:

REUTERS

August 13, 2019 06:15 PM

The top two U.S. automakers are preparing for a possible economic downturn, the companies said on Tuesday, as an ongoing trade war between Washington and Beijing fuels fears of a global recession.

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