Automobile Industry 03 (May 23 - Dec 25)

[behappyalways]

Subprime Auto Loan Delinquency Erupts, Reaching Highest Rate On Record
https://www.zerohedge.com/markets/subpr ... ate-record

[behappyalways]

As Mitsubishi Exits China, Other Japanese Automakers Consider Following Suit
https://www.zerohedge.com/markets/mitsu ... owing-suit

[winston]

Mercedes says 'brutal' EV market will pressure car sales margins

A "brutal" electric vehicle market of heavy price cuts and supply chain issues meant it would likely hit the lower end of its 12-14% adjusted return on sales forecast for the cars division, as third-quarter earnings fell.

Carmakers from Ford to Tesla have been slashing prices throughout the year in markets from the United States to China to stoke demand, but Mercedes-Benz has broadly resisted following suit.

Looking ahead, it expects the rate of sales from the first three quarters to remain at around the same pace in the fourth quarter, and did not adjust its full-year sales target of no year-on-year change.

Source: Reuters

https://www.thestar.com.my/business/bus ... es-margins

[behappyalways]

Porsche Foresees "Challenging 2024" Due To Interest Rate Shock Impacting Demand
https://www.zerohedge.com/markets/porsc ... ing-demand


UAW, Ford Reach Tentative Agreement To End Six-Week Auto Strike
https://www.zerohedge.com/markets/uaw-n ... eport-says

[behappyalways]

EV Skeptic Toyota Chairman Says People Are 'Finally' Waking Up To Reality Of Electric Vehicles
https://www.zerohedge.com/economics/ev- ... c-vehicles

[behappyalways]

China is the largest car exporter in the world surpassing Japan!
https://twitter.com/alvinfoo/status/1719283448102502775

[behappyalways]

Used Vehicle Prices Record Largest Maximum Drawdown In History
https://www.zerohedge.com/markets/used- ... wn-history

[behappyalways]

The EV bubble may be fading as supply exceeds demand with slowing global sales
https://twitter.com/Mayhem4Markets/stat ... 5884259466


Toyota Reality Shock
https://twitter.com/dunne_insights/stat ... 2586901765

[behappyalways]

Xiaomi cars are exposed! Huawei smart cars are selling like hotcakes. Is there another internal crisis among Chinese car companies?

小米汽車曝光! 華為智能車熱銷 陸車企內捲風暴再起?｜TVBS新聞

https://m.youtube.com/watch?v=AkyeYwDeIjs

[behappyalways]

Fighting for the first place!
China’s total annual automobile exports are expected to surpass Japan’s new energy vehicles become the focus

爭第一!陸汽車年出口總量有望超越日本 新能源車成焦點｜方念華｜FOCUS全球新聞 20231121@tvbsfocus

https://m.youtube.com/watch?v=Ht2N5DAdS-0