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.

Non-paywall link

  • Gerudo@lemm.ee
    link
    fedilink
    arrow-up
    3
    ·
    3 hours ago

    Yeah I have no clue why a compact, affordable, hybrid truck like the Maverick just can’t be made fast enough and flies off the lot.

    Surely it’s not being a compact truck. Or it being affordable for new. Of course, it’s not also having a hybrid option.

    No, it’s gotta be anything else other than that. So make sure there are more of the huge, expensive, gas chugging things on the lot.

    • rc__buggy
      link
      fedilink
      arrow-up
      1
      arrow-down
      1
      ·
      3 hours ago

      You won’t get any sympathy from me for the Maverick.

      It’s. Not. A. Truck.

      I need a truck for work, not weekend runs to the lumberyard.