The slowdown in China’s economy just cost 1,400 Illinois auto workers their jobs

New York (CNN Business)The plunge in auto sales in China has made its way to the US heartland. The company wouldn’t say exactly where the drop-off in Cherokee sales occurred, but its last earnings statement made clear it is suffering the biggest sales weakness in China. China is the world’s largest market for auto sales, and has been the engine for growth for the global auto industry for most of the last two decades. But over the last six months the country has become a source of concern for automakers.…

Read More