(12-12-2024, 10:56 AM)nzoomed Wrote: And Japan's car industry is not in the greatest shape either.Legacy car makers in general are in trouble. Nissan has stated they may be finished within 12 months, Toyota keep delaying any meaningful EV production and promoting hydrogen fuel cell tech, Ford aren't in great shape, Stellantis are dropping makes as they become stranded assets, and the Chinese continue to increase production of ever cheaper EVs and shun European makes in their huge domestic market.
I see that there have been numerous strikes and factory closures at Volkswagen, which is a shame because their EVs appeared to be a good competitor to Tesla, however I have heard they were not without their faults.
https://www.dw.com/en/volkswagen-furious...a-71005834
The fossil fuel vehicle makers have denied the threat of EVs for over a decade and they are now seeing the impact of their ignorance, with many likely to be as irrelevant as Kodak within the next few years. It happened to Blackberry, Motorola, Nokia, bricks and mortar retail and the auto industry is no different.
Ford CEO Jim Farley explains the situation and reasons well.
[Video: https://youtu.be/PGx7AyD9okg]