The automotive industry is experiencing the biggest disruption in its history. Indonesia is the second-largest car manufacturing nation in Southeast Asia and the ASEAN region (trailing fairly far behind Thailand that controls about half of whole car production in the ASEAN region). For the carmakers, who like all producers have struggled to compete with abroad rivals because Australia’s overvalued dollar makes home merchandise too costly, the Government’s refusal of assist was a demise sentence.
Kristin Dziczek, vp of industry, labor and economics at the Center for Automotive Research in Ann Arbor. Now realizing the danger, Germany’s automotive giants are gearing as much as make investments enormous sums in developing electrical and self-driving vehicles, most likely around â‚¬40 billion within the next three years.
He was famous for predicting that the trade was inevitably going to have to consolidate to a small variety of large players because he felt that considering the economies of scale, it was extremely wasteful of capital to have all these corporations creating all those autos,â€ he stated.
Lithium ion batteries are currently a very heavy part of electric autos. The U.S. auto industry ended 2018 with sales of 17.three million new autos, which beat expectations , … Read More