What is happening for automakers worldwide? Part 1. We see layoffs, CEO terminations, plant closures, strikes, salary cuts, and so on. Is all of this because the Chinese have invaded the car industry? Every day, I read articles or reports from professionals debating the current situation, most of them insist that the problem is caused by Chinese vehicles, while governments are seeking measures to combat Chinese vehicles. But will it work? Instead of battling or looking for reasons and excuses, decision-makers in giant automakers should revert to basics and realize that customers are becoming less interested in brand names as they seek better value for their money. #VW #Stellantis #Nissan #VW #Toyota #BYD #Automotive #Chineseautomakers #Automakers
Omer Ali
1mo
The rush on Chinese brands will generate significant impact to automotive industry
I agree, I'm looking for better value. I recently purchased a Nissan because in Mexico there is an issue with Chinese spare parts in case it is needed, otherwise I would've purchased some EHV Chinese.