China Is Done With Global Carmakers: “Thanks For Coming”
For decades, they thought they were playing on a familiar field. But time is up, the game is over. China – the home team – is the winner.
Spectators have just watched a sudden and catastrophic collapse of global automakers in China. Sales and profits in the People’s Republic are vanishing. And boards in Detroit, Wolfsburg and Tokyo are stunned by the speed and intensity of the changes.
https://newsletter.dunneinsights.com/p/china-is-done-with-global-carmakers