The Rising Influence of Rising Affluence

[DewDiligence]

More on the rebound in automobile production:

https://www.nytimes.com/2020/06/24/business/auto-industry-coronavirus-recovery.html

So far, production appears to be ramping up with few major disruptions. Ford said it now expected to have all its U.S. plants back on normal shift schedules this Monday, two weeks sooner than expected. G.M. has returned all of its truck and S.U.V. plants to three shifts a day, and most of its other plants are on the schedules they were on before the pandemic took hold. Ninety percent of the company’s hourly workers are back to work, the company said.

G.M., Ford and Fiat Chrysler have most of their assembly plants in the Midwest, where coronavirus cases have been falling or are flat. But even foreign automakers, which have most of their plants in the South where cases are rising, said factories were more or less back to normal.