...Autos facing a disaster, it has only just begun. Global...

  1. 1ronnie
    22,909 Posts.
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    02/08/24
    22:53
    Post #: 75052758
    ...Autos facing a disaster, it has only just begun.

    Global automakers getting absolutely hammered in China.

    Sales are tumbling. Profits have swung to losses in the hundreds of millions of $$$.

    Hurting most: Ford GM VW Nissan Hyundai Kia VW, once the all powerful market leader, is reeling, tracking to lose $500 million in 2024.

    Foreign automakers - for several reasons - will not be able to recover. They will leave China not with a bang but a whimper.

    https://x.com/dunne_insights/status/1819044335050174851
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    lightbulb Created with Sketch.  Great analysis
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