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Cake day: July 11th, 2024

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  • The Volkswagen Group had a global decline of 0.5% compared to 2024. It is also worth noting that the US was a worse market then China for them. Mercedes-Benz is getting slaughter though, but that is to be expected, when you fail the EV transition. Stellantis is a nightmare anyway. Renault Group is actually doing pretty well, but is focused on the European market already. BMW also saw increased sales last year and they are doing pretty well with EVs.

    So the European car industry has its issues, but it is probably going to survive. However EVs have less parts then ICE cars, so jobs will be cut.












  • The issue is that China has few viable markets for export left. They are in a trade war with the US, which has 25% of global nominal GDP, they themself have 16%. China has had military issues with Japan and India two massive trade blocks 3.5% of the global economy each. If you add to that the countries they have pissed of in the South China Sea you probably get to another 10% with good reasons to not allow Chinese products.

    Given how much China exports, the EU is an incredibly important market with 18% of the global economy. It is also why Trump is such an idiot to piss of the EU. This could break China.