Powered by lexis nexis

U.S. Auto Boom Seems to Be History, Just as Trump Counted on Jobs

May 02, 2017 - The New York Times

Correction Appended

For seven years, the steadily expanding auto industry has helped drive the American economy forward, racking up billions in profit and paying workers hefty bonuses, all while consumers flocked to dealerships and drove sales to record heights.

It is a boom that President Trump has been counting on to add more jobs. But the industry’s ability to do so is now in question.

On Tuesday, automakers reported the fourth straight monthly retreat in sales of new cars...