Douglas Korthof

Is the Auto Industry Stuck in Reverse?

They are stuck in reverse because despite all the PROMISE, the actual CARS are all boring and obsolete. Auto makers can, and should be forced to, separate themselves from the interests of the major oil companies, and start making oil-free cars (which they could do now, with existing off-the-shelf batteries such as PSB 1260 lead-acid battery).
As far as China goes, they can SEND money into China, but never get anything back except cheap cars; perhaps they can sell them out side of China for actual cash, but they can never take hard currency out of China. So, really, all those "China operations" are purely an illusion, nothing of value at all unless they are planning to flood the market outside China (which would hurt them even worse).