Ford Truck Plant Louisville, COVER STORY: Is Kentucky’s auto industry poised for a slowdown?-Cover the storyEmail Share Share Tweet
Reorder your printoutsDavid A. Mann – Reporter, Louisville Business First
January 11, 2019 at 6:00 AM EST
It is very likely that UU’s American car industry. By acting at a daunting pace in 2019, what could be a problem for Louisville and the Kentucky critical economy segment in general.
Of course, there is optimism. Sales of new vehicles were surprisingly strong in 2018, as we learned last week in calculating the final data. And it happened after many experts predicted a drop in sales.
But there are also reasons for concern about the health of the industry: prices, job cuts and rising interest rates, just a few.”The uncertainty is currently common in the industry, everything is worrying,” said Dave Tatman, Managing Director of the Kentucky Automotive Industry Association. “It is not unclear and catastrophic, we did not experience it in 2007, 2008, but it is certainly softer than we have seen in the last three years.”
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The development of the situation in 2019 is very important for the Kentucky economy, given the size and impact of the sector. If the automotive industry is healthy, add workers and invest in Bluegras. According to the development cabinet, over 200 million dollars have been announced in car expansion projects last year. If the industry is in the heel, we will probably see less ……
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