Michigan economic gloom tied to autos - economist

Newswire

CHICAGO, Aug 23 (Reuters) - The automotive sector in Michigan needs to stabilize before the state can shake off the economic doldrums that have dogged it in recent years, an economist said on Wednesday. Dana Johnson, chief economist at Comerica Bank, said buyouts and layoffs that are part of major restructurings at big automotive companies such as General Motors , Ford Motor Co. and Delphi Corp. DPHIQ.PK> have created a sense of gloom in the state. "It's been wearing people down in ...

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