3 ms·
Not really, they are trying to build more cars overseas (cheaper labor + developing markets for their cars) and they are expecting a global economic slowdown in
by sdinsn 8y ago
Not really, they are trying to build more cars overseas (cheaper labor + developing markets for their cars) and they are expecting a global economic slowdown in the next couple years.
- DeonPenny 8y agoExcept for the fact they haven't been building new factories overseas, their' reports to their investors points to automation, and they shut down many of their overseas factory. Maybe they are doing this in expectation of a slowdown and will move production overseas, but currently, they have done that. You can look at their capital expenditure though. All of their M&A, research, and investment have been in electric cars and automation. If there weren't going for this goal they are going about it in a strange way.