Early symptoms of a shakeup and shakeout were already in place in 2024 with auto sales slowing down in markets like India, Germany auto giants like Volkswagen cutting back and now talk of Nissan and Honda merging.
Nissan Motor Co is fighting for its life, again, reports Bloomberg and is now headed into the arms of Honda Motor Co to pool resources in an alliance that could rival Toyota.
Volkswagen plans to shut at least three factories in Germany and lay off tens of thousands of staff.
Right now, Volkswagen unions are faced off against the management but there is no return to the glorious past is what it looks like.
And then earlier you had to reckon with an auto company launching new models but today you have to think of a mobile phone company that will make a car.
This story is from the December 19, 2024 edition of The Free Press Journal - Indore.
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This story is from the December 19, 2024 edition of The Free Press Journal - Indore.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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