The only positive take away is that legacy auto OEM'S are struggling, rapidly being pushed out of there most profitable market (china) for a lack of competitive EV adoption.
5 years ago all the OEM'S made a killing in the Chinese market, but there heavily reliance on ICE and lack of heavy reinvestment into new vehicles (while gaining those profits) is coming back with a vengeance
the positive here is if you haven't transition a decent segment of your manufacturing to EV'S and PHEV, your going to struggle to stay afloat anywhere outside the US auto market (even there the tariffs won't protect them forever)
GL1 Price at posting:
18.5¢ Sentiment: Hold Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)