Catherwood LibraryILR School

Representatives from the Big Three automakers, parts suppliers, and various industries in the auto industry met yesterday with the secretaries of Labor and Commerce. The meeting was aimed at restoring consumer confidence and spending in an effort to prevent domestic car sales from dropping following last week’s terrorist attacks. Although the automobile industry has taken a major hit in the stock market over the past few days, and many companies have already announced production cutbacks, so far none of the major manufacturers has said anything about layoffs.