New Report Says Automotive Market Will Have to Shrink Significantly by 2040

New Report Says Automotive Market Will Have to Shrink Significantly by 2040

A new analysis by Bain & Company, as reported by CNBC, paints a picture of a shrinking U.S. auto market by 2024, with market forces making the auto sector uncomfortably competitive. Bain cites declining fertility as the cause, as well as declining immigration — in other words, fewer people to buy cars in the first … Read more

Ford held talks with Xiaomi in China about electric vehicle partnership: report

Ford held talks with Xiaomi in China about electric vehicle partnership: report

Ford has held talks with electric vehicle maker Xiaomi to form a joint venture to make electric vehicles in the United States, the Financial Times reported Saturday, citing people familiar with the matter. A Ford spokesman denied the FT report, calling it “completely false” in a X post. A Xiaomi spokesperson also rejected the report. … Read more