Car Companies Cut Production - Bad Times Ahead


Akash

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I don't get it. How is it a matter of concern?

As long the demand is met, we consumers are happy and the manufacturers are earning the appropriate revenues. If it was the case of high demand and less supply, it would have been a concern, but I don't see that happening anytime soon because car companies already have inventories.
The times are actually bad for people who work for the Power & Steel sector. Lesser the demand translates to reduced production which would lead to poor selling of steel. Final result, employees of Steel industry will have to suffer from poor increment.
 
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The times are actually bad for people who work for the Power & Steel sector. Lesser the demand translates to reduced production which would lead to poor selling of steel. Final result, employees of Steel industry will have to suffer from poor increment.
The times may be becoming bad compared to before in a relative sense, but not bad in absolute sense.
Companies would not be earning sky high profits but at least earning nominal rate of returns by selling whatever they produce.

At least the car manufacturers and dealers will act less pricy now, which we always crib at.
 

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