China Is Now 39% of Global Auto Production — Dominating Europe, Japan, U.S.
(Zero Hedge)—China has transformed itself from a minor player in the auto industry two decades ago to the world leader ...
Tag: Automotive
America’s Middle Class in 2024: Aging Vehicles, $300 Carts of Groceries, and Mountains of Credit Card Debt
(The Economic Collapse Blog)—Have things been getting better for the middle class, or have things been getting worse? Needless to ...
Chinese Automakers Are Dethroning Their Once-Dominant Japanese Competitors
(Zero Hedge)—China is doing the unthinkable and dethroning once dominant Japanese automakers, who are struggling to compete in China. China ...
U.S. Automakers Think They’re Beyond the Point of No Return Thanks to EV Mandates
Donald Trump has promised that during his second term he will rein in the tyrannical electric vehicle mandates that have ...
“Cannot Continue”: Volkswagen Hits the Gas on Cost Cuts Amid Tepid EV Demand, Increased Chinese Competition
(DCNF)—Volkswagen (VW) said Wednesday that it needs to cut costs amid slackening consumer demand for electric vehicles (EVs) and weaker ...
Elon Musk Warns “Car Industry Very Difficult” as “Ford and Tesla” Only “US Car Companies That Haven’t Gone Bankrupt”
(Zero Hedge)—Elon Musk appeared at the Greater Philadelphia Expo Center in Montgomery County on Friday night for his second town ...
Trump Vows to Implement New Tax Incentives That Would Boost U.S. Auto-Manufacturing Industry
(Natural News)—Former President Donald Trump has promised a series of new tax incentives that would boost the U.S. auto-manufacturing industry ...
Three Reasons for Ford’s Massive Retreat From Electric Vehicles
(AIER)—In August, Ford announced it was spiking its plan to roll out an all-electric three-row SUV, citing low consumer demand ...
Volkswagen Considers Shutting Down a German Factory for the First Time in History After Overestimating the EV Market
(DCNF)—Volkswagen (VW) AG is considering shuttering factories in Germany as European car companies struggle to compete with Chinese electric vehicle ...
Yet Another Automaker Backs Off Its Big EV Push After Realizing Most Consumers Aren’t Interested
(DCNF)—Swedish automaker Volvo Cars said on Wednesday that it is scrapping its goal of going fully electric by 2030 as ...
