BYD Profits Tank-Moves to Concentrate on Foreign Markets

I protest the moving of this post.

Wow! Just saw this article.
https://insideevs.com/news/791250/toyota-safety-supplier-warning-china/

‘Unless Things Change, We Will Not Survive’: Even Toyota Doesn’t Feel Safe Right Now

The auto industry is shifting fast, and without some major change, Toyota’s CEO can see the end of the road.

Toyota has always run lean with little appetite for risk. That strategy has worked out well—at least up until now. However, its outgoing CEO, Koji Sato, recently raised a red flag about the state of the auto manufacturing industry. And if Toyota is feeling the heat, you know there’s trouble ahead.

Sato spoke up at a recent supplier summit where 484 different companies gathered. Speaking to the hundreds of executives in attendance, Sato delivered a very clear message that things need to change, or Toyota, the world’s largest car company by sales, “will not survive.”

The auto industry has seen more upheaval in the last few years than it did over the last several decades

Toyota has always had extremely strict quality standards. The brand would reject parts for tiny cosmetic flaws that almost no human would notice. But that could soon change.

So Toyota going from perfect to “good enough”.

2 Likes