GM, Ford CFOs say they are preparing for economic downturn

Chief financial officers of two of America’s largest car companiesGeneral Motors And Wade Motor Co—say consumer demand remains strong, but they’re seeing signs of a US slowdown.

on one Deutsche Bank Conference Wednesday, Ford CFO John Lawler Said that economic slowdown is a possibility and the auto maker was trying to assess the impact of inflation and rising petrol prices on the broader economy. Federal Reserve on Wednesday 0.75-percentage-point rate hike approvedBiggest since 1994.