1. Auto industry is so vested in China market for their growth, because of US - China trade war that growth opportunity is more or less gone for at least now 2

1. Auto industry is so vested in China market for their growth, because of US - China trade war that growth opportunity is more or less gone for at least now 2. US is a mature but substantial auto market, with possible tariffs (highly likely since EU and US are not even seriously talking trade) will pull the rug from the under. 3. Debt in developing markets is high, there are only handful of places where there can be some growth but do not have size and heft of US or China markets