> I live in Germany, which has its automobile industry being shredded into pieces by China, and it's for a good reason though.
This is wrong. In the past German car makers made a great profit from selling cars in China and had a really good time. Now the Chinese have learned to build their own cars, which lead to a significant loss of market share for German and other foreign car makers.
But German car makers are still quite profitable. For example BMW just announced a profit of 7.68B Euros, and are still the largest exporter of cars in the USA (yes, exporter). The race is still on, and despite strong competition from Chinese car manufacturers, German car makers are everything but "shredded into pieces".
Plus the above example of the culture of finger pointing, hence avoiding accountability for the lack of vision.
Getting into the game too late and wasting a ton of cash on cars that miss actual target-user’s needs and wallets.
Unfortunately, this is a pattern having emerged in Germany since quite a while - it’s either the pandemic, putin, the government, china or whatever is en vogue to put blame on.
German engineering prowess is dying a slow death caused by their own ignorance of their arrogance.
They are still selling cars for the badge but people are slowly realizing that things have changed.
And don't get me started on the quality of their automotive software. I just bought an Audi so the pain is still fresh but after two weeks I'm still not able to properly login to my car - actually, it's 4 (four! yes!) different logins, and one of them is stuck to Italian. To call Audi software "garbage" is an understatement, and if there's anyone working there in here, yes I stand by my statement.
This is wrong. In the past German car makers made a great profit from selling cars in China and had a really good time. Now the Chinese have learned to build their own cars, which lead to a significant loss of market share for German and other foreign car makers.
But German car makers are still quite profitable. For example BMW just announced a profit of 7.68B Euros, and are still the largest exporter of cars in the USA (yes, exporter). The race is still on, and despite strong competition from Chinese car manufacturers, German car makers are everything but "shredded into pieces".