Ford enters into massive cost cutting plan, to save 25.5 billion by 2022. Company will be shutting down essentially all north american production of cars, hybrids, pretty much everything that isn't a truck or SUV.
https://www.bloomberg.com/news/articles/2018-04-25/ford-ceo-plans-11-5-billion-more-cuts-pulls-ahead-margin-goal
If you work at a plant that produces anything but trucks or SUV's, you will be impacted. But this isn't just about stopping production of cars, it is the end of the largest and loosest credit cycle in automotive history, where automakers can no longer kick the can down the road with super easy financing terms such as 8 year loans, zero percent, sub-prime, sub-sub-prime, etc, etc.
Automakers have engaged in the most desperate attempt to sell cars in their history, selling 50K SUV's to anyone who can sign their name on a loan application, people who don't even make 50K are driving around in 50K cars, and now the bubble is exploding as sub-prime lenders are blowing up left right and center.
The bubble is bursting, as all time high sales had nothing to do with a "Strong economy" and everything to do with loose financing like the world has never seen.