In this post, I wrote
Well, while agree with him that its getting worse here (we blew through 14.1% in May … likely at 15% or worse now in July),
and today, we get confirmation that we hit 15.2% in June.
More layoffs have happened since then. GM cut another 1000, Chrysler and Ford have been cutting hard.
So when can we start using the correct name for this economic condition?
What I can say is that I am seeing signs of life … significant signs of life in the HPC auto community. No, not necessarily the big 3’s large machines. I am talking about the smaller shops that do much of the simulation work. All are keeping their purchases small though, as license costs haven’t gotten any better.