More Proof Legacy Automakers Are Struggling To Sell Cars

Porsche is scaling back its EV ambitions after disappointing sales forecasts, a move echoing VW's recent decision to close its Brussels plant due to low demand. In contrast, South Korea’s auto exports to North America surged by 26%, driven by strong hybrid sales. Despite fewer working days, June's export value held steady at $6.2 billion. Effective marketing and strategic partnerships have boosted South Korean brands in the North American market, with the industry aiming for a $100 billion export goal this year. Will traditional automakers adapt to these challenges? Share your thoughts in the comments!Link to the featured video:https://youtu.be/gAiVaysSsI0?si=E6lLH_vxnemk73kXGrab a copy of my book:https://partsmanagerpro.gumroad.com/l/qtqax"The Parts Manager Guide" - https://www.amazon.com/Parts-Manager-Guide-Strategies-Maximize-ebook/dp/B09S23HQ1P/ref=sr_1_4?crid=3UZYOGZJUNJ9K&keywords=parts+manager+guide&qid=1644443157&sprefix=parts+manager+guid%2Caps%2C244&sr=8-4Please remember to like, share and leave your comments.Videos are uploaded weekly.Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use. No copyright infringement intended. ALL RIGHTS BELONG TO THEIR RESPECTIVE OWNERS*This video is for educational and entertainment purposes only.Become a supporter of this podcast: https://www.spreaker.com/podcast/the-motor-files-podcast--4960744/support.