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.
well there’s a simple solution to that: make cars that people want to buy.
I was in the market for a car recently. I wanted a small city car. All the big players have now is crossovers and suvs.
So that’s why I got a chinese made vehicle. It was what I wanted, and it exists. The reason I didn’t buy something european is because none of them make anything I’d want to buy anymore. Maybe the fiat 500, but that’s a bit too pricey, imo.