Where to start? furloughs temporary layoffs layoffs capital spending cut pay cuts and exec trimming

It's bad, but expected... Loss Of GM Contract Means 166 Layoffs At Penske - here is the link for the article http://www.wxyz.com/news/penske-automotive-to-layoff-more-than-160-employees

We'll get our jobs back. Sit tight.

If they are cutting 150M in payroll costs is that about 5000 in headcount?

What are your thoughts about potential Penske Automotive layoffs? Any chatter, news or rumors?

VW said all cars to go electric by 2025 - less parts, less oil, etc. It'll be bad.