Automakers are Bleeding out. Huge layoffs, plant closures, and evaporating profits...

#cars #nissan #jeep #dodge #ram #bmw #mercedes #audi #vw

Aside from #Honda and #Toyota - most automakers around the word are bleeding money trying to figure out customers and legislation. Profits have dried up, as competition increases in China, Europe and USA.

sources:
https://www.autonews.com/manufacturing/nissan-offers-buyouts-cut-jobs-us-business-slides
https://www.autonews.com/automakers-suppliers/stellantis-job-cuts-voluntary-buyout-offered-salaried-workers
https://www.autonews.com/executives/carlos-ghosn-nissan-honda-mitsubishi-deal-honda-takeover
https://www.reuters.com/business/autos-transportation/lucid-gets-15-billion-cash-infusion-saudi-shareholder-quarterly-revenue-beats-2024-08-05/
https://asia.nikkei.com/Business/Automobiles/VW-other-European-carmakers-weighed-down-by-EVs-China-and-R-D

00:00 - Nissan sinking
03:04 - Stellantis sinking
03:51 - Honda Takeover
06:06 - Lucid injection
07:27 - German Automakers Bleeding
10:14 - Automakers sinking


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