China Stock Market Woes Create Bumpy Road for Detroit Automakers
This week’s stock market crisis in China poses problems for some U.S. companies, most notably Ford and General Motors.
Investors are still feeling the fallout from the recent – and drastic — decline in China’s stock market.
Experts say the health of China’s economy has a direct impact on two Metro Detroit companies which rely on selling products in that nation: Ford and General Motors.
The chief economist for the Center for Automotive Research, Sean McAlinden, tells WDET’s Quinn Klinefelter the stakes are high for the two U.S. automakers.
