- cross-posted to:
- technology@lemmit.online
- cross-posted to:
- technology@lemmit.online
Summary
The global auto industry, once buoyed by pandemic-era shortages and high prices, is now facing significant challenges.
Major automakers like Nissan, Ford, and Volkswagen are cutting thousands of jobs and closing factories due to falling demand, competition from Chinese carmakers, and rising protectionism.
Chinese brands, offering cheaper and innovative vehicles, are gaining market share, pressuring Western automakers, particularly in China.
The shift to electric vehicles (EVs) is proving costly, with sluggish demand in some markets and government subsidies declining. Some companies, like GM and Toyota, are faring better with strategic EV and hybrid models.
He doesn’t actually care about America first, just Donald first. Tariffs are merely a bargaining chip that he can use to encourage bribes in order to get exemptions, or a cynical market play that makes him and his masters money at the expense of the economy . Or hell, the likeliest could just be Putin tugging on the leash to get him to hurt the US economy as much as possible, though if the energy markets bottom falls out, Putin might be in actual trouble