Howards job loss is being felt across the auto supply chain.
Howards boss, Dave Wurzelbacher, was fired after the company lost a third of its manufacturing jobs in just two years.
The loss of jobs is hurting the auto-parts industry and is the second time the company has gone under.
Wurselbacher was forced to lay off 5,000 workers, and that number includes part-time workers who work on site.
There are currently 3,500 full-time jobs at Howards.
The company has struggled to find new manufacturing partners.
Last year, it closed factories in Mexico and China for the second year in a row.
Howes manufacturing business was once worth $4 billion, but in its last fiscal year, the company saw a net loss of $3.3 billion.
The automotive industry lost 1,200 jobs in 2014, according to Automotive News.
The auto industry has been a big beneficiary of the new technology that is replacing the old ones.
The new technology is changing the way vehicles are made and the amount of parts that are used in them.
In the last 10 years, there has been an enormous amount of research and development that’s gone into creating the next generation of vehicles.
The latest vehicle technology is more advanced than ever before, and it’s changing the nature of the auto business.
That means that the auto sector is in much more demand than ever, which means that car manufacturers are losing money.
For instance, in 2016, Ford’s profit was down 7 percent from last year, and General Motors lost more than $4.5 billion in the first nine months of 2017.
The last time GM lost so much money was back in 2001, and the company is struggling to make the kind of profit it used to make in the past.
So this is an industry that is going through a tough time right now.
That’s not good for business, it’s bad for jobs, and now it’s getting worse, according the Associated Press.
The AP reports that some analysts say the industry will take a hit if it doesn’t find a way to make up the lost manufacturing.
That could be the most significant threat to the auto companies fortunes.
“The auto industry is losing money and it is a serious problem,” said Bill Miskovic, senior director of research at market research firm NPD Group.
“If we’re going to get to the point where you have the economy and the business situation and the market conditions are good enough to create new manufacturing jobs, we need to do that.
We have to find some way to get back into the business.”
If it doesn and the industry isn’t able to find a new supplier, howards auto parts division could go under, as it did in the mid-2000s, according a report from Bloomberg News.
What do you think?
Should automakers continue to make their products in America?
Do you think that this will have an impact on the auto economy?
What would you do if you were an auto manufacturer?
Tell us in the comments below.