MarketWatch (March 8)
2019/ 03/ 10 by jd in Global News
“Car makers are facing a perfect storm of trade tariffs, slumping demand in the crucial Chinese market, and a backlash against diesel, which are together having a seismic effect on businesses. A shift toward electric and autonomous vehicles has not helped. They require vast investment and a different way of thinking.” Instead of the usual “corporate grins” at the Geneva Motor Show, there is “a collective grimace.”
Tags: Backlash, Car makers, China, Diesel, EVs, Geneva Motor Show, Grimace, Investment, Perfect storm, Slumping demand, Trade tariffs
