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Electric vehicles, particularly the 2021 Tesla Model Y, offer significant long-term value compared to traditional gas vehicles, with lower maintenance and insurance costs. The availability of extended warranties enhances ownership confidence, while the growing acceptance of Tesla across political lines reflects its appeal as a high-performance, cost-effective option. With careful planning, the total cost of ownership can be minimized over a decade, making electric vehicles an attractive choice for many consumers.
Nissan Motor Co. faces declining customer demand as evidenced by significantly shorter waiting times for vehicle deliveries in Japan, where many popular models can be shipped within one to two months. In the US, Nissan's inventory levels are concerning, with an average supply of 109 days, far exceeding the industry average of 85 days and Toyota's 35 days.
Japanese automakers are facing significant challenges in Southeast Asia as Chinese brands gain market share, particularly in the electric vehicle sector. Despite a long-standing dominance, Japanese companies like Toyota and Nissan are losing ground due to their slow transition to electric models, with sales dropping sharply across the region. In response, they are investing billions to adapt their production for electric vehicles, but the competition from affordable Chinese EVs poses a serious threat to their market position.
Nissan Motor Co. Chief Financial Officer Stephen Ma is poised to step down amid significant challenges for the company, including a recent announcement to cut 9,000 jobs and reduce manufacturing capacity by a fifth. The specifics of Ma's departure remain unclear, with speculation about a potential demotion or exit. This change follows the departure of Ashwani Gupta, the former chief operating officer, 17 months ago.
Donald Trump's proposed 25% tariffs on imports from Mexico and Canada threaten major U.S. automakers, with GM, Ford, and Stellantis facing significant profit losses due to their reliance on cross-border supply chains. Analysts warn that tariffs on individual car parts could be even more damaging, potentially raising costs for consumers. Carmakers may need to increase U.S. production or cut costs to mitigate the impact, but the shift could be challenging, especially for European manufacturers with limited spare capacity.
India's equity markets are emerging as a rare bright spot amid global turmoil, with the Sensex up 0.62% in November and the Nifty 50 down just 0.15% in dollar terms. In contrast, major developed markets like France's CAC 40 and Germany's DAX have seen significant declines, highlighting India's resilience as the most stable market outside the US.
Chinese automakers are poised to strengthen their presence in Europe as discussions on electric vehicle tariffs progress, with a potential agreement involving a price undertaking to prevent undercutting. Meanwhile, global automakers face challenges in both Europe and China, with significant layoffs and a looming price war as competition intensifies. UBS analysts suggest that foreign carmakers should pivot towards affluent consumers and leverage China's advancements in technology and R&D to remain competitive.
Nissan Motor Co. shares dropped nearly 5% in early Tokyo trading following reports of planned production cuts in the US and potential tariffs on imports from Mexico and Canada, where the company operates factories. The stock has declined almost 30% this year.
The automotive industry is undergoing a significant shift as companies aim to cut costs after years of excessive spending on electric and autonomous vehicles. Major players like GM and Ford are laying off thousands and restructuring to enhance capital efficiency, while Stellantis faces challenges despite achieving cost reductions post-merger. Analysts highlight the need for collaboration and shared resources to avoid the wasteful practices that have plagued the sector.
Automakers, including BMW, GM, and Nissan, have responded to criticism over their supply chain practices, emphasizing their commitment to human rights and sustainability. Recent legal actions, such as a major class action in Brazil against mining companies, highlight the ongoing struggle for accountability in the extraction of minerals essential for electric vehicles. As regulations tighten globally, companies are urged to leverage their influence to improve conditions in mining and promote decarbonization across the industry.

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