BMW signalled a potential for losses after slashing its profit margin to between -0.5% and 0.5% this year and blamed fourth-quarter costs tied to the restructuring that includes 8,000 job cuts in its home market.
BMW signalled a potential for losses after slashing its profit margin to between -0.5% and 0.5% this year and blamed fourth-quarter costs tied to the restructuring that includes 8,000 job cuts in its home market.
Your comments make really no sense, and many claims are outright false as I have said already. But you’re repeating the same false “China good, the West bad” narrative over and again.
If you flip this around to “China bad, the West good” it describes 99% of your posts and comments tardigrade…
You’re just repeating the subsidies and overcapacity narrative over and over again that the west pushes to protect profit margins of their auto companies that fail to compete. The whole point of subsidies is to grow an industry and overcapacity is a function of the market that corrects itself when the companies that can’t compete drop out.
Companies in the west dragged their feet to create EVs and still do so to this day. Tesla was the sole western company for the longest time putting in a serious effort and they got billions in subsidies. Most other companies just wanted to target the “luxury” market if they made any EVs at all.
Things were apparently fine when the west was making billions in China’s market, apparently not a problem of overcapacity in that case, but now that Chinese companies are competitive, it’s endless crying that lower prices for customers is a bad thing.