Hyperdrive
Rivian’s Job Cut Is Just the Latest in Gloomy-Looking Car Sector
Since Elon Musk started sounding off about a recession, Tesla, Ford and Stellantis also have moved to cull their workforce.
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Auto companies old and new have held up remarkably well amid the pandemic. Stark early warnings about an unprecedented shock to an industry that would maybe need another cash for clunkers-style shot in the arm look awfully alarmist a couple years later.