The Auto Industry's Rough Road Ahead

In an era where the automotive sector was once a beacon of economic prosperity, car manufacturers are now grappling with the stark reality of economic downturn. Nissan and Stellantis experienced a tumultuous week as their shares plummeted, following disappointing results that mirrored the gloom surrounding industry giants like Tesla. The challenging market conditions are eroding the once-healthy margins of European groups and stalling the turnaround efforts of their Japanese counterparts. But what does this signify for the future of the auto industry?