With government accounting for north of 40% “GDP” and more that 1/2 of the remainder being mainly “froth of financialism” the auto industry economy wise is kind of a “meh”. The factories aren’t going to be torn down if there’s a deflationary collapse, so come what may…
The Big Three can play a waiting game with the UAW. The lots of their dealerships are packed with most high demand models, so it will be a while before they feel a crunch because of inventory. Whether they can sell those overpriced pickups and SUV’s in this economy is another matter, but their approach seems to be to get the most out of each vehicle they sell rather than volume volume volume!