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Renewed auto production will prevent double-dip

BNN.ca staff
3:36 PM, E.T. | June 6, 2011
Best of BNN, Industrials

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U.S. auto sales hit a major road bump in May, as sales were down sharply at Japanese automakers due to disruptions in the supply chain. But Carlos Gomes, Senior Economist and Auto Industry Specialist at Scotia Economics, tells BNN that the worse is over and Japanese automakers are beginning to ramp up production—signaling a global turnaround in manufacturing that will help prevent a double-dip recession.

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