Click here to get a free charger and installation when pre-ordering the G6 xpeng.com.au/?qr=726XPO The best solar company in Australia just installed my new solar system. Check them out here: www.resinc.com.au/electricviking
4 years ago, I was living paycheck to paycheck, working 40 hours a week. I was a high school dropout with a GED and had a 489 credit score, along with an eviction, repossession, and collections. I got into real estate but encountered unqualified clients who couldn't qualify for a mortgage due to their credit. I found this home-based business here on UA-cam, and it just made sense.
Investment is currently the most lucrative business in the world. Both real estate, Stock, and Cryptocurrencies are positively changing people's lives.
Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times
Honda is also being disrupted in their motorcycle business as Chinese motorcycles and scooters, both ICE and Electric sales are taking off around the world. If Honda loses the motorcycle and scooter business they are complete toast.
I can't understand why Honda hasn't come out with some decent E-bikes and E-scooters yet. All they have is the MotoCompacto, a clever design but expensivo.
Chinese bikes are not really taking off in the west where the money is, if anything Indian bikes are more of a threat but Honda is diverse like Yamaha, Honda has small engines and associated equipment from outboard to garden tractors.
@@SkippyPB. SONY bought legendary Japanese company Akai just to save it (do nothing with it.) Maybe some of the directors had nostalgia with the Akai brand so they bought it eventhough they have no use for the brand. Nissan is THE car brand for the Japanese. Everyone would want to save it from demise. If Honda won't do it, I'm sure Toyota eventually will.
'Sam', you should clarify that this is Mitsubishi's car manufacturing division that is involved in this. The Mitsubishi company is a pretty large, diverse corporation, the automobile business is just a small part of it.
It is the same with Kawasaki. They just made the motorbikes so their name would be on the road everywhere. However, Mitsubishi was a popular and well respected vehicle manufacturer and it will be a shame to see it all disappear.
I can remember back in 1963/4 when Honda devastated the UK motor cycle industry. The Japanese do not seem to be able to learn from their own industrial history!
Just like Volkswagen is suffering from the same problems Eastern Bloc brands like Trabant were having Volkswagen just annihilated tge Eastern European car industry when the wall came down.
@@victoriaguthrie8772 A little different. Japan produces better engines than the Brits at the time. So when they won they thought it was because of their superior craftmanship (which is true.) Nowadays, Japanese cars still have an edge on craftmanships. The Chinese can't actually compete. They created new demands. It's not motor cycle vs motor cycle, it's film cameras vs digital cameras. Most people still buy ICE cars and most of them still buy Japanese brands, not Chinese. EV is a different category where the Chinese is now dominating. But in the Japanese is not doomed. They have the capability to make better EVs, just perhaps not now. It does look bleak right now for EVs, but in the future, who knows.
@@davidsentanu7836 you can make the best petrol powered engines in the world. If everyone wants to buy an EV you are going bankrupt. This is exactly what is happening. It doesn’t matter whether you’re Japanese British or Chinese.
@@ouethojlkjn Like I said, for now most people still buy ICE cars, and they still buy Japanese brands mostly. That's why I said this is more like film cameras vs digital cameras. Eventually most people buy digital cameras and no one want film cameras. Yet Fujifilm, a brand with "film" in it's very name, survived and now became one of the big brands of digital cameras... thanks to their unexpectedly super popular instant FILM camera line. The Japanese car manufacturers is not doomed. They just need to survive for now, that's why they're merging... just to survive. Maybe in the future they can rebuild again.
Hi Electric Viking. I've just finished reading Wolfgang Munchau's new book, 'Kaput: The End of the German Miracle'. It's an impressive book, well written & well researched. He talks a lot about the big German car manufacturers. It was only published 4 weeks ago, but keep an eye out for it, it's well worth a look.👍 Edit: The author also did a bunch of interviews promoting Kaput. I watched a few & my fav was on Unherd last month with Freddy. It's on YT. If anyone's too busy for the book, I'd recommend that interview instead.
The only reason to merge is to minimize management overhead and reduction of duplication. They ALL have largely missed the EV boat and must regroup. If they will start making good EVs, they might have a chance.
Hasn’t done a lot for the likes of Stellantis has it? Dozens of brands but common platforms - you’d think it would work and lower costs a lot, but all they have is a bigger mess.
Plenty of OEMs making good EVs but they are not that affordable, the small city run about models will eventually arrive and then its game over ICE. Honda Jazz or Toyota Yaris size EVs where are they? BYD seagull where are you?
Fastest ever growth rates for a complex to manufacture expensive product in world history genius. Lmao you brain dead tail pipe shifting gas holes are so amusing! China alone does more nev sales(ev&phev is nev. In 30 days then the entire world did in 2018! Where will they be in another 3-5 years eh? Nev sales globally 18x from 2017-2024 they only need to 4-5x from here to be the entire global car market. And guess what becomes worthless to make, hard to insure(fire risks vs Evs is insane for ice. Hard to make spare parts, hard to find body parts for, hard to repair etc. Yup ice vehicles will be near worthless as a whole by 2032 or even sooner!
I would much rather drive a proven ice car than put my faith in anything battery.insurance, resale, battery longevity and replacement, repair costs and this list is long
As is VAG, just look at the shared ownership problems they’re dealing with in their heartland provinces. Given that ‘peoples car’ was the powerhouse for the modern Germany, how much can it implode before ALL of the EU has to bail it out? Then Renault &Stellantis will be complaining bitterly. At least the French governments have pushed for investment into EV environment, unlike their German equivalents.
Nissan is dying because of gross financial mismanagement. Honda has been dying, albeit slowly, not because of financial mismanagement but because their cars weren't the marvels they used to be - the cars are a shadow of their former selves.
I only know what I observe from my vantage point in the US. Families are putting off car purchases because of price. Upper middle and upper class are still buying as normal but middle class has dropped out. Affordability looks like the culprit.
Listen carefully to what he says as he starts of with "i believe...." "overseas media have reported......", "in my opinion........" without quoting any studies or sources of information most of the time. His goal is to make $$$$ being a youtuber and is not accountable for the accuracy of information. Don't get me wrong, he is correct most of the time but he has speculated on what will happen in the future on things that never has occurred. Its like using Google to find answers to your health symptoms.
The oil lobby had it too good for too long. At least there are signs of some genuine healthy competition emerging by way of renewables. Credit goes to Tesla the pioneer, who took on the challenge and made it work. Fortunately, the US government too supported the initiative, similar to what they did for the proliferation of social media, space and nano technology.
I happen to know that vast sums of Saudi money are going into research researching both battery and renewable technology. People think they are rich and stupid, but they are fully aware of what is coming.
Wow! Very well done Sam. And you mentioned reserve currency. Just checking if anyone has an idea of how to study exactly what austerity measures England put into place in the 50's after it lost reserve currency status after WWII. Thank you.
Outcome of Bretton Woods was that Britain and the US would share global reserve currency status Over time the USD took over as the main global reserve currency The pound died a natural death despite it still currently being stronger than the USD There would have been boom times post WWII - rebuilding the nation and lost of babies Austerity was what happened during the war years
they cover the niche of ugly cars now. the point is, it does not make sense anymore to produce that many different combustion engine variants. within three companies they can throw out some of the combustion engines and increase the volume of the engines that are left. that results in huge cost savings. this can be done with other parts as well.
I still drive my 2013 pulsar. Never skipped a beat. Heard a lot of cvt crap. Not an extra dollar spent. Now I have a y62. My last vehicle. Not gonna be part of the ev experiment unless I can charge my car in the same time as it takes to fill my gas tank.
I seem to remember the Nissan skyline GTR was a classic. A massive seller here in the UK is the ghastly Nissan Kashkai. Hardly a classic but it sure is popular. It is also the most polluting car in the UK.
I am in China at the moment and got to sit in a Zeekr 7x. The salesman was very nice and took us around Guangzhou. Can’t wait for it to come to Australia in 2025. Such a beautiful looking car with so much tech. Japanese cars won’t last much longer unfortunately.
Yes designed in Sweden, Germany, England...., all under the employment of Chinese companies. Clever, these Chinese managers, they know where the human assets are.
@@bofomalsi4146 Smart of the chinese to choose an European designer The Koreans have done it for years and their cars taken over from Japanese models Both Hyundai & Kia at the forefront of this The chinese understand this well, design cars that appeal to overseas buyers by using their designers If you visit China, you see some hideous shapes & designs that probably appeal to the chinese, but not to a Western buyer
@@ouethojlkjn Considering that Sam has researched and tested pretty much every chinese model then decided to buy a Zeekr suggests that you are on the money
I was due to start work at rhe aesc gigafactory being built in sunderland to supply nissan in march/april was looking forward to it but thanks to this video i think i will stay at my current job which is dayshift only for 500 pound a week nothing to some people but in uk today thats decent pay for dayshift only think its better to stay safe than sorry later down the line anyways cheers sam !!
@danielcpt3819 they are building batteries for them but tata motos jlr owner building there own gigafactory for jlr like now plus aesc is 100 meters across a road from nissan in sunderland so it is for them there the main customer
@@Dw91-k8n that company is called Agratas and that factory is not even close to being built. AESC will be providing the batteries to JLR for a while. (I know because I work in this industry.)
The only brand name the Chinese will want to buy when this three way tryst falls apart will be Honda. Nissan and Mitsubishi will have to start making home appliances and lawnmowers.
Where are you from? Why is everyone from the collective west glad that these companies will possibly go bust and get bought up by China? What do you think China will do when they have monopolized the industry? Gee...I don't know...RAISE PRICES! Plus the millions of people in the west that will lose their jobs when production will just move to China...why are you so glad? Never understood people being glad that their side is losing!
@@JDMSwervo2001 Well we are at the beginning and see already the decline of the ICE. And once you have driven an BEV its done and over. I think i will go BEV Scooter until is can buy a BEV car.
Honda still makes great cars. They have time and make some very good hybrid cars. I think they will continue their partnership with GM on electric cars and see if they can be profitable on their own or with the Aria. Right now all car makers except Tesla and BYD lose money on EVs so I don’t think Honda regrets being slow to the market.
I've been an EV fan for 35 years and I've owned my EV for 2 years but I wonder how the recession and European war has contributed to the situation that these companies have found themselves in. EV take over seemed obvious in the 90s after doing my EV conversion. 35 years later we are in fantastic rollover of technology times
They are all being caught by the same problem as far as I can see. When money was cheap and interest rates were at or below zero they could do what they like and not worry. I think they just simply failed to spot Tesla for what it was. Exactly the same with IBM and Microsoft.. and then Microsoft failed to spot Apple. They just think they’re brilliant and no one else could be better. Add in free unlimited money and it’s party time. Of course until the music stops playing and the bar Bill arrives.
Hmm… what’s the point? Unless management fundamentally changes their attitude towards the future of the automotive industry all they have done is protect investors temporarily if at all.
Sometimes that's the only thing that needs to be done. Kodak failed hard when they hesitate to pursue digital cameras. Yet, they are still here now, just not making cameras anymore. Fujifilm which has "film" in it's name is pretty much DoA when cameras turn digital, yet here they are, still producing digital cameras thanks to their highly popular instant FIlM camera. Sometimes a company just need to survive and not crumbles. Then they might be able to rebuild again.
The complaints about the Nissan CVT are amazing to me. I've put 200,750 miles on a V6 Altima, 55,000 on a Murano, my sister has put 250,000+ on two Altimas, all with zero transmission maintenance, and zero problems. Transmission fluid isn't engine oil, and synthetic transmission fluid can have 500,000 mile recommended intervals. The stupidest thing Nissan has done with that cvt is to make it pretend to be a geared transmission, torque loads are highest during shifts, and it makes the vehicle slower and less efficient. And you can't turn it off.
Recommended atf change is 60,000 not 500,000 miles. Given Nissans known CVT issues, a better recommendation is 30,000 miles for both atf and filter. For heavier load usage even go to 15,000 miles. Also, some models and years knowledgeable techs recommend installing an additional atf cooler. Good luck. I hope they last a long time.
You seem to be a very lucky person. Good for you. I don't know any person who owned a CVT Nissan without having expensive and annoying transmission issues. I can understand Nissan's decision to implement those "artificial gears". Driving a CVT car is an absolute nightmare for me. I cannot get rid of the feeling that the clutches in the gearbox are slipping. It is, of course, very stupid that you aren't able to disable those "gears".
I bought a used 2015 Altima with over 220000 miles that was fleet maintained and it seems to be doing fine. I 'm not a lead foot which I assume contributes to stressing the transmission. My biggest complaint is the OEM headlight defect that I can't get fixed and didn't know about because it was settled while I'm didn't own the car by a private class action suit that didn't involve the DoT or NHTSA so there is no official recall. This affects every Altima model sold 2013-2017 and can be a serious safety issue
I have a 2013 nissan cvt pulsar from new. 150000 kms. People love to chat shit. Not an extra dollar spent. More than I can say for most European and American cars.
In my lifetime I owned cars of all of those brandsI All of them were very good. I wish the new company all the best and only hope that with their combined capacity they can produce the quality cars that normal people can afford.
I am reserving judgement on Chinese cars or tesla for that matter. But one thing is for sure, resale in in the toilet and there charging infrastructure ain't there. Also I don't want to stress about charging when I'm doing long distance in to dingo piss creek
Not possible. The government will prop them/it up and not allow that, just as the U.S. propped up GM multiple times. They would consider it a matter of national security.
Yup just like how Japanese Govt is proping up US Govt spending now. Once Japan start selling US treasury bills they r holding in massive block daily like China Govt then US Govt will have not enough funds to repay back Japanese Bondholders if the Japanese car merger is going down.
Thanks for an informative video. I’m sure your take on the ‘merger’ is entirely accurate. I also think we will continue to see consolidation in the Western and Japanese automotive industry. However- there is another factor not far down the line to consider: the likely, and fairly imminent implosion of the Chinese economy due to their real estate crisis, and other factors, such as de-globalisation. The Western automotive brands survived before the Chinese economic miracle, and, some will survive in scaled down form I’m sure. US protectionist policies will also hamper Chinese exports…
The only reason every American car brand isn't bankrupt is because the US government has bailed them out and enacted policies that protect them from outside competition.
@@blueeyes6192USA did that for Ford and GM. How did you think they survived bankruptcy? For now, both Ford and GM are pretty safe because most Americans want trucks which the Japanese and Chinese couldn't compete with. But if they need to do it again, I'm pretty sure they will.
@@Elaba_ Being serious - because we are - Mitsi always made good tack - except the Pajeros.. those suck due to rust - but the others rock. The Mirage is probably the worlds toughest little car - rubbish if you're in a Wild West style gunfight, but great for going to work or shopping.
The merger details have not been negotiated yet. I can see Honda buying assets like the names and car designs, not the debt and not useless factories that add to the over capacity
Yes but to be fair, Kmart was owned by a predatory private equity guy, not a retail expert. He just milked both companies for their value then buried them.
Also reminds me of another Japanese companies: Konica and Minolta. They merged into Konica Minolta only to fail again. But then they got bought by SONY and here they are, one of the most popular digital cameras along with legacy brands like Canon and Fujifilm.
if all these companies and factories are shutting down, all/most in china, what does this mean for the Chinese economy? how many worker are involved and what happens to the factories, are they being taken over/sold/repurposed or?
chinese economy is not doing well currently. their real estate pyramid scam is currently breaking down, they produce far too much cars and solar panels and batteries for the chinese people and lower the prices to sell them over the world. some car companies already went bankrupt in china because of over production.
One impact of this combination may be to cut cost by reducing the number of suppliers to keep them operating at higher capacity and to reduce the total headcount in the supplier base for the 3 companies combined....
Japanese loyalty to brands is crazy tho'. I think Honda higher ups won't touch Nissan and would simply sit on it. Maybe keep the commercial trucks line because that's what Nissan has that Honda doesn't. SONY saved legendary Japanese brand Akai from bankruptcy but did absolutely nothing for it. Release no meaningful Akai products whatsoever. They just proud they "saved" Akai. Nissan is THE car brand for the Japanese. If Honda didn't save them, I'm pretty sure Toyota eventually will. It's just a Japanese thing.
No wonder why most Nissan model cars are not doing well these days.. maybe it has something to do with their engineering system.. Honda and Toyota have been tough with their Auto Engineering Technology system, while other Japanese automakers such as Mazda, Isuzu, Suzuki, and now Nissan were struggling to stay in the market competition.. they're just lucky that Honda helped them out.. 👍
EV's market impacts are essentially only temporary political and Chinese price war based. Both while massive issues will settle down. Chinese Ev's have massive issues in both products and companies, yet to surface to the general public but already known and visible to many. Politics and policies of nations around Ev's are volatile and also have massive issues. Just like Chinese Ev's issues this is yet to fully surface to the general public but already known and visible to many. Once these come out, the price war settles, the political landscape settles the storm hitting the car market will settle. Honda being considered the most capable/toughest company is tasked to help save its brothers during this time of need.
Nissan is done. Honda and Toyota will have to find ways to survive next crucial year. Only countries with poor infrastructure will be stuck with old and populatant products.
I was wondering if European carmakers can only survive now if they merged with Chinese EV companies. Just imagine VW or Mercedes merging with BYD. Then BYD could help them develop an affordable EV, and BYD would get access to a quality brand name with a huge market. It would be a win-win for both companies, no? If they don't merge, China will probably buy them anyway in a few years from now. And nobody in Europe is going to like that. So I say merge now, and work with China instead of fighting them.
Yes, I think the most likely scenario over the next couple of years will be EU, US, & Japan carmakers rebranding Chinese "sleds" or complete cars. CATL's sled is the guts of an EV, that you can just slap your own chassis on top of. It's an admission that we can't make good EVs on our own, but it's business realism.
They don't need to merge, they just get bought out when they are finally on their knees. How many car brands have already been bought out by the chinese? I know MG for a start
Toyota is always late to the party. For years they claim to achieve such battery. Years after years, they lie just to entertains and keep their loyal customerfromo switching brand. Toyota EV and rav4 hybrid are a nightmare to own.
Hi Sam, what’s your thought on why Nissan Leaf lost its way from a relative pioneer in new energy vehicle market. Maybe doing a segment on The Leaf would be enlightening…
They didnt want to make changes to existing product. Got surpassed by competition that made upgrades. When I was looking for an EV i shopped for Bolt and nissan leaf . (pre tax credit 7500) I found the Bolt ok. but I loved the leaf. It felt more high quality and I would have bought it. But I had to wait a year or two. forward to 2022/3 I test drove new Bolt EUV. No longer feels like crap. nice leather. Nice BIG nav screen. ton of room. 250 miles. No brainer I bought that over a 210 mile leaf that cost more. less miles.
@@BarryObaminable We have a 150 mile Leaf, 2022, bought used and paid a total of $13K. It's not the best EV on the road these days, but we absolutely love it. So quiet and fast, beautiful styling, lots of smart features. My next EV will be 400 miles or more (hopefully) but for now, this is the most fun I've had in a car since my little Civic hatchback stickshift. The Ariya was supposed to replace the Leaf, but no one's buying it; too expensive, under-featured. But people who own it do say they love the car, so I don't know what's going on. All I know is, when we were at the Nissan dealer shopping for a Leaf, I said to a sales guy "So, that's the new Ariya?" and he just nodded and grunted. They seemed almost embarrassed. I guess it's not selling.
They purposely make the Leaf look ugly and uninteresting to protect their ICE lines. The same with Toyota making their Prius awakward looking, also the bZ4x (not only ugly, but the name is also stupid.) Big mistake. When they realised their mistake, they tried to make the Prius sexy. Too little to late.
Don't care for Nissan that much, but seeing Honda in this situation breaks my heart, I grew up driving Civic in my late teens early twenties, tinkering and ricing my Civics used to be a hobby. But Honda has been in doldrums for decades and have not been able to get out of the rut when they still had a brand name recognition and market share around the world. Now, I think it's a bit late. As efficient as Japanese car makers could ever be, it would be difficult to compete with China on price points, scale and volumes.
Japanese people don't embrace Android. They loved their iPhones, and no one can make iPhones except Apple. Big mistake, but out of the control of the Japanese smartphone manufacturers.
Ive had Japanese motorcycles and a Japanese car and a truck, and all of them have been great. I feel sorry for Japan and hope they can pull it off somehow though it isnt looking too good.
Here we go again, many years ago a French company did just that, rescue Nissan from going bust, now a local Japanese company trying to do the same. I am amazed by these gesture, they are all going under no matter what the rescuers do, this company is useless, don’t all of you see the hopelessness in Nissan???
Well researched and presented as always Sam Only bit I would disagree with is your final comment about global recession then depression Post GFC they have figured out that they can prevent this from happening by stimulating to the wazoo The liquidity cycle is just kicking off again, asset prices, equity markets, & crypto will all go up into 2025 and maybe spill over into 2026 as well, before the music stops again
It’s no mystery why three car companies would merge when BYD, MG and Tesla are dominating the car market. In WA alone the increase in EVs has been 530%. It’s like the three Protestant churches merging to make the most of market share
@@davidsentanu7836 Yes exactly, better to provide some perspective & reference to that figure. Until they add enough charging infrastructure and the cars have decent range, any West Aussie who is not a city dweller/city worker is going to avoid the change due to range reality. That supposed super electric highway from Perth to Esperance is a PR scam - the one & only charger at Esperance cranks up a diesel generator to provide the charging station with power bcos the network is so weak down there. Its not even charging from coal or natural gas, but diesel. WA is wait awhile for good reason.
Would love to hear your take on the possibility of Tesla and BYD surviving the big shift, with Tesla ultimately dominating because of advantages in AI, communications, S/W, and determination from the wealthiest man on the planet.
You would need to understand how China works to answer this. Any industry that the central govt decides as being strategic for their long term goals will get unlimited financial support. They will happily run at a loss for a long time to kill off any competition. If this is what happens then Tesla may need similar support from the US govt to stay in that battle of attrition. How do you become a wealthy man on this planet? Start off as the wealthiest man and go into battle with China and see who caves in first.
By chance, the latest Honda engines are no longer turning counter clock wise 😅 they may be able to copy Stellantis winning strategy by standardizing their powertrains and platforms... 😂 all brands cars will be the same except their "top hats" .
A Bitcoin Treasury bill was up for a vote in Japan and I was like, "oh, okay...they have a chance to prevent a complete economic implosion!" - but no, it got voted down. They're in trouble.
E-Viking is correct as to Japan’s economic strait. However, he ignores one important fact: Japan is vassal State of USA or a colony of USA, either definition means USA will bail out Japan. Notice that Japan owns $1.4 trillion US Treasury Bonds.
Click here to get a free charger and installation when pre-ordering the G6
xpeng.com.au/?qr=726XPO
The best solar company in Australia just installed my new solar system.
Check them out here:
www.resinc.com.au/electricviking
I'm glad you made this video it reminds me of my transformation from a nobody to good home, $34k monthly and a good daughter full of love
My advice to everyone is that saving is great but investment is the key to be successful imagine investing $15,000 and received $472,700.
4 years ago, I was living paycheck to paycheck, working 40 hours a week. I was a high school dropout with a GED and had a 489 credit score, along with an eviction, repossession, and collections. I got into real estate but encountered unqualified clients who couldn't qualify for a mortgage due to their credit. I found this home-based business here on UA-cam, and it just made sense.
Jobs will pay your bills, business will make you rich but investment makes and keeps you wealthy, the future is inevitable
Investment is currently the most lucrative business in the world. Both real estate, Stock, and Cryptocurrencies are positively changing people's lives.
Making touch with financial advisors like Elizabeth Regina Nelson who can assist you restructure your portfolio, would be a very creative option. Personal financial management will be crucial to navigating the next difficult times
The 'rearranging deck chairs on the Titanic' metaphor comes to mind.
@@rogerpoppen2651 - a better one would be “if it ain’t broken, don’t to fix it”
wrr, think any nmw s perfx
Honda is also being disrupted in their motorcycle business as Chinese motorcycles and scooters, both ICE and Electric sales are taking off around the world. If Honda loses the motorcycle and scooter business they are complete toast.
I can't understand why Honda hasn't come out with some decent E-bikes and E-scooters yet. All they have is the MotoCompacto, a clever design but expensivo.
It's reminds of the CBR I loved that motorcycle I agree I'm surprised they didn't come out with E version! People can't accept change
@@cesarforte617
CBR is indeed nice.
Chinese bikes are not really taking off in the west where the money is, if anything Indian bikes are more of a threat but Honda is diverse like Yamaha, Honda has small engines and associated equipment from outboard to garden tractors.
@@zopEnglandzip Chinese bikes are taking off from western companies that's sourcing from. What world are you living in?
50$ Billion company with 250$ billion in dept..........yeah, good move.
The US has $40T in debt backed by $50B in gold. Do the math.
@@lunatik9696 And? Gold does not back anything in the US treasury.
@@lunatik9696The USA is not a company.
@@adamesd3699 Revenue is one thing... Net profit is quite another.
@@lunatik9696Where did you get that 50B gold number from ? US government. 😂
This is common business practice in Japan when bankruptcy is around the corner. In the consumer electronics industry this happened years ago
Sony used to be the leader. Apple and Samsung took over.
@@SkippyPB. SONY bought legendary Japanese company Akai just to save it (do nothing with it.)
Maybe some of the directors had nostalgia with the Akai brand so they bought it eventhough they have no use for the brand.
Nissan is THE car brand for the Japanese. Everyone would want to save it from demise. If Honda won't do it, I'm sure Toyota eventually will.
Armageddon, beginning of the end.
There's even a term for it in the US, "dinosaurs are mating".
I think the steam shovel companies all got together in the end as well.
With steam excavators, they dug their own graves.
It's not ice vs electric. Most of the world does not have ev infrastructure. It's more the fact that we are heading to a depression.
@@TuonoV4Fi am pretty sure electricity is available all around the world
@@TuonoV4F
Heading into a depression is one cut, EVs taking away some sales is another cut.
Ice just got cut twice.
Because EVs have caught on everywhere immediately😂😂. That's why they are in trouble, not because they were making crap ICE vehicles😂
'Sam', you should clarify that this is Mitsubishi's car manufacturing division that is involved in this. The Mitsubishi company is a pretty large, diverse corporation, the automobile business is just a small part of it.
@@crosslink1493 Yeah. Forklifts, ships, satellites, factory automation, semi-conductors, heating and cooling, to name just a few.
I think Mitsubishi was THE biggest company in Japan back in the day.
It is the same with Kawasaki. They just made the motorbikes so their name would be on the road everywhere. However, Mitsubishi was a popular and well respected vehicle manufacturer and it will be a shame to see it all disappear.
Might as well have Mongolia, Chad and UK joining together to make ships.
UK were the best at it. Add Bolivia, Nepal
😂Or chips
With UK on Board the Ship will sink...
Sir. The UK couldn’t make a row boat. They’re complete ESG idiots
The UK made many, many good quality ships. Pretty much gone now..😢
They will shrink the company down from three to one.
@@ChicagoBob123 so that it appeared only one company had gone bankrupt.
Merge the name in one...
Honnissbishi.
And just keep the most profitable product lines from all 3.
@@keepitreal2902I don't think Nissan has a profitable line. Honda might save the GTR name because their own NSX is dead.
The ICE car makers are having their Kodak moment 😂
Those utterly stupid countries who keep this ridiculous Net Zero agenda will have their Cuba moment.
I agree, Kodak rebounded quite nicely.Jut follow the news.
Well Kodak is still trading
@ haven’t seen anything from them since the 1990s so they went from an international brand to a niche brand impressive 😆
@@notaurusexcretus4471Kodak got rid of all the consumer stuff and they are thriving in the professional field now. Kodak is doing better than ever.
I can remember back in 1963/4 when Honda devastated the UK motor cycle industry. The Japanese do not seem to be able to learn from their own industrial history!
Just like Volkswagen is suffering from the same problems Eastern Bloc brands like Trabant were having Volkswagen just annihilated tge Eastern European car industry when the wall came down.
@@victoriaguthrie8772 A little different. Japan produces better engines than the Brits at the time. So when they won they thought it was because of their superior craftmanship (which is true.)
Nowadays, Japanese cars still have an edge on craftmanships. The Chinese can't actually compete. They created new demands.
It's not motor cycle vs motor cycle, it's film cameras vs digital cameras.
Most people still buy ICE cars and most of them still buy Japanese brands, not Chinese. EV is a different category where the Chinese is now dominating.
But in the Japanese is not doomed. They have the capability to make better EVs, just perhaps not now. It does look bleak right now for EVs, but in the future, who knows.
@@davidsentanu7836 you can make the best petrol powered engines in the world. If everyone wants to buy an EV you are going bankrupt. This is exactly what is happening. It doesn’t matter whether you’re Japanese British or Chinese.
I was talking about this just last night. First place Honda raced in the UK was at Dundrod in N Ireland.
@@ouethojlkjn Like I said, for now most people still buy ICE cars, and they still buy Japanese brands mostly.
That's why I said this is more like film cameras vs digital cameras. Eventually most people buy digital cameras and no one want film cameras.
Yet Fujifilm, a brand with "film" in it's very name, survived and now became one of the big brands of digital cameras... thanks to their unexpectedly super popular instant FILM camera line.
The Japanese car manufacturers is not doomed. They just need to survive for now, that's why they're merging... just to survive. Maybe in the future they can rebuild again.
Hi Electric Viking. I've just finished reading Wolfgang Munchau's new book, 'Kaput: The End of the German Miracle'. It's an impressive book, well written & well researched. He talks a lot about the big German car manufacturers. It was only published 4 weeks ago, but keep an eye out for it, it's well worth a look.👍
Edit: The author also did a bunch of interviews promoting Kaput. I watched a few & my fav was on Unherd last month with Freddy. It's on YT. If anyone's too busy for the book, I'd recommend that interview instead.
Yes - great book, and I also recommend it.
From Canada
Thanks for the heads pure Unherd
The only reason to merge is to minimize management overhead and reduction of duplication. They ALL have largely missed the EV boat and must regroup.
If they will start making good EVs, they might have a chance.
As usual, management duplicates will not be the first to be axed. Plants and blue collars will be .
They will never be competitive as labor and overhead is too expensive and China controls the battery supply chain.
@@lunatik9696 A chance to lose tens of thousands on each ev like all the other ev makers other than Tesla and BYD?
Hasn’t done a lot for the likes of Stellantis has it? Dozens of brands but common platforms - you’d think it would work and lower costs a lot, but all they have is a bigger mess.
Plenty of OEMs making good EVs but they are not that affordable, the small city run about models will eventually arrive and then its game over ICE. Honda Jazz or Toyota Yaris size EVs where are they? BYD seagull where are you?
A powerhouse of yesteryear technology.
And it works. EVs aren’t even wildly accepted
@@JDMSwervo2001 and such believe are the cause of their actual failure
Ohh really ?
ua-cam.com/video/K8Nz-4eEBTw/v-deo.html
Fastest ever growth rates for a complex to manufacture expensive product in world history genius. Lmao you brain dead tail pipe shifting gas holes are so amusing!
China alone does more nev sales(ev&phev is nev. In 30 days then the entire world did in 2018! Where will they be in another 3-5 years eh?
Nev sales globally 18x from 2017-2024 they only need to 4-5x from here to be the entire global car market.
And guess what becomes worthless to make, hard to insure(fire risks vs Evs is insane for ice. Hard to make spare parts, hard to find body parts for, hard to repair etc.
Yup ice vehicles will be near worthless as a whole by 2032 or even sooner!
I would much rather drive a proven ice car than put my faith in anything battery.insurance, resale, battery longevity and replacement, repair costs and this list is long
Japanese auto industry is too big to fail or allow to fail and perhaps also too big to save.
The ICE auto industry is like a boat with a hole in it and the water being pumped in is not enough to compensate for the water rushing in from below.
It may be too big, but it is shrinking very very fast.
@@ABa-os6wm Except the debt, that's not shrinking.
As is VAG, just look at the shared ownership problems they’re dealing with in their heartland provinces. Given that ‘peoples car’ was the powerhouse for the modern Germany, how much can it implode before ALL of the EU has to bail it out? Then Renault &Stellantis will be complaining bitterly. At least the French governments have pushed for investment into EV environment, unlike their German equivalents.
How about the Chinese property development industry, how is that doing these days?
Honda Civic was my first car ever, then I drove a Prelude and three Accords. Sad to comprehend the brand is dying…
Honda is not dying, Nissan is
Nissan is dying because of gross financial mismanagement. Honda has been dying, albeit slowly, not because of financial mismanagement but because their cars weren't the marvels they used to be - the cars are a shadow of their former selves.
@ are you sure? Why they take dying companies onboard will that not sink them all..?
@@555frontier the good thing about bringing on weaker entities is the ability to get rid of the dead wood, and integrate the good parts.
@@555frontier probably the Japanese government trying to preserve the brand by having them partner with another Japanese brand
Consolidation mathematics: 1 + 1 + 1 = 1 😊
I think it will be rather 1&1&1=1
Looks like liberal math
what i see is 1+（-1）+（-1）= -1， end up faster.
I only know what I observe from my vantage point in the US. Families are putting off car purchases because of price. Upper middle and upper class are still buying as normal but middle class has dropped out. Affordability looks like the culprit.
New subscriber to this amazing channel with its insightful news and analysis. Keep up the fantastic work !
Listen carefully to what he says as he starts of with "i believe...." "overseas media have reported......", "in my opinion........" without quoting any studies or sources of information most of the time. His goal is to make $$$$ being a youtuber and is not accountable for the accuracy of information.
Don't get me wrong, he is correct most of the time but he has speculated on what will happen in the future on things that never has occurred. Its like using Google to find answers to your health symptoms.
The oil lobby had it too good for too long. At least there are signs of some genuine healthy competition emerging by way of renewables. Credit goes to Tesla the pioneer, who took on the challenge and made it work. Fortunately, the US government too supported the initiative, similar to what they did for the proliferation of social media, space and nano technology.
I happen to know that vast sums of Saudi money are going into research researching both battery and renewable technology. People think they are rich and stupid, but they are fully aware of what is coming.
Wow! Very well done Sam. And you mentioned reserve currency. Just checking if anyone has an idea of how to study exactly what austerity measures England put into place in the 50's after it lost reserve currency status after WWII. Thank you.
Outcome of Bretton Woods was that Britain and the US would share global reserve currency status
Over time the USD took over as the main global reserve currency
The pound died a natural death despite it still currently being stronger than the USD
There would have been boom times post WWII - rebuilding the nation and lost of babies
Austerity was what happened during the war years
Can’t remember when did Nissen ever come out with an attractive car. Honda has Accura and NSX
Nissan made a huge lot of extremely attractive cars until the late 1990s.
they cover the niche of ugly cars now. the point is, it does not make sense anymore to produce that many different combustion engine variants. within three companies they can throw out some of the combustion engines and increase the volume of the engines that are left. that results in huge cost savings. this can be done with other parts as well.
I still drive my 2013 pulsar. Never skipped a beat. Heard a lot of cvt crap. Not an extra dollar spent. Now I have a y62. My last vehicle. Not gonna be part of the ev experiment unless I can charge my car in the same time as it takes to fill my gas tank.
I seem to remember the Nissan skyline GTR was a classic. A massive seller here in the UK is the ghastly Nissan Kashkai. Hardly a classic but it sure is popular. It is also the most polluting car in the UK.
I am in China at the moment and got to sit in a Zeekr 7x. The salesman was very nice and took us around Guangzhou. Can’t wait for it to come to Australia in 2025. Such a beautiful looking car with so much tech. Japanese cars won’t last much longer unfortunately.
Designed in Sweden though.
Yes designed in Sweden, Germany, England...., all under the employment of Chinese companies.
Clever, these Chinese managers, they know where the human assets are.
@@bofomalsi4146 Smart of the chinese to choose an European designer
The Koreans have done it for years and their cars taken over from Japanese models
Both Hyundai & Kia at the forefront of this
The chinese understand this well, design cars that appeal to overseas buyers by using their designers
If you visit China, you see some hideous shapes & designs that probably appeal to the chinese, but not to a Western buyer
Yes, Zeekr is the next Tesla. I have been following them for a couple of years and they are the final nail in the coffin.
@@ouethojlkjn Considering that Sam has researched and tested pretty much every chinese model then decided to buy a Zeekr suggests that you are on the money
I was due to start work at rhe aesc gigafactory being built in sunderland to supply nissan in march/april was looking forward to it but thanks to this video i think i will stay at my current job which is dayshift only for 500 pound a week nothing to some people but in uk today thats decent pay for dayshift only think its better to stay safe than sorry later down the line anyways cheers sam !!
AESC is owned by Envision in China. The main customer will be JLR not Nissan.
@danielcpt3819 they are building batteries for them but tata motos jlr owner building there own gigafactory for jlr like now plus aesc is 100 meters across a road from nissan in sunderland so it is for them there the main customer
Plus they already have plant 1 this is plant 2 then they have plans for plant 3 I live in the area so I do noo this
@@Dw91-k8nPlant 1 is being decommissioned so its not producing anything.
@@Dw91-k8n that company is called Agratas and that factory is not even close to being built. AESC will be providing the batteries to JLR for a while. (I know because I work in this industry.)
The only brand name the Chinese will want to buy when this three way tryst falls apart will be Honda. Nissan and Mitsubishi will have to start making home appliances and lawnmowers.
Where are you from? Why is everyone from the collective west glad that these companies will possibly go bust and get bought up by China? What do you think China will do when they have monopolized the industry? Gee...I don't know...RAISE PRICES! Plus the millions of people in the west that will lose their jobs when production will just move to China...why are you so glad? Never understood people being glad that their side is losing!
Nissan: We will have solid state batteries in 2026, we will also have anti gravity engines in 2027 and we will have warp drive in 2028
Not to mention a time machine
Don’t forget the cloaking device so you can avoid speed cameras
It does not matter how big they will be , if they do not make great electric cars they will all be bankrupt!!!
Electric cars aren’t even widely accepted yet
@@JDMSwervo2001 Well we are at the beginning and see already the decline of the ICE. And once you have driven an BEV its done and over.
I think i will go BEV Scooter until is can buy a BEV car.
Honda still makes great cars.
They have time and make some very good hybrid cars. I think they will continue their partnership with GM on electric cars and see if they can be profitable on their own or with the Aria. Right now all car makers except Tesla and BYD lose money on EVs so I don’t think Honda regrets being slow to the market.
@ there’s a decline in pure Ive because manufacturers are growing their hybrid lineup
You are confusing making good cars with cheap cars.
Reminds me of the merger of New York Central and Pennsylvania railroads in 1968. Penn Central bankrupt 2yrs later
I've been an EV fan for 35 years and I've owned my EV for 2 years but I wonder how the recession and European war has contributed to the situation that these companies have found themselves in. EV take over seemed obvious in the 90s after doing my EV conversion. 35 years later we are in fantastic rollover of technology times
They are all being caught by the same problem as far as I can see. When money was cheap and interest rates were at or below zero they could do what they like and not worry. I think they just simply failed to spot Tesla for what it was. Exactly the same with IBM and Microsoft.. and then Microsoft failed to spot Apple. They just think they’re brilliant and no one else could be better. Add in free unlimited money and it’s party time. Of course until the music stops playing and the bar Bill arrives.
Leaving a comment to help the algorithm. That’s how I roll 😎
And I will leave a comment to your comment.
I second your comment with Another comment and leave the ball in your court now good sir for further commenting ,
@@darrincooper1318 Pretty sound comment there, certainly worth commenting on your comment about my comment about your comment.
Three sinker weights melted into one sink faster than the three individuals.
Hmm… what’s the point? Unless management fundamentally changes their attitude towards the future of the automotive industry all they have done is protect investors temporarily if at all.
Sometimes that's the only thing that needs to be done. Kodak failed hard when they hesitate to pursue digital cameras. Yet, they are still here now, just not making cameras anymore.
Fujifilm which has "film" in it's name is pretty much DoA when cameras turn digital, yet here they are, still producing digital cameras thanks to their highly popular instant FIlM camera.
Sometimes a company just need to survive and not crumbles. Then they might be able to rebuild again.
The complaints about the Nissan CVT are amazing to me. I've put 200,750 miles on a V6 Altima, 55,000 on a Murano, my sister has put 250,000+ on two Altimas, all with zero transmission maintenance, and zero problems. Transmission fluid isn't engine oil, and synthetic transmission fluid can have 500,000 mile recommended intervals. The stupidest thing Nissan has done with that cvt is to make it pretend to be a geared transmission, torque loads are highest during shifts, and it makes the vehicle slower and less efficient. And you can't turn it off.
Recommended atf change is 60,000 not 500,000 miles. Given Nissans known CVT issues, a better recommendation is 30,000 miles for both atf and filter. For heavier load usage even go to 15,000 miles. Also, some models and years knowledgeable techs recommend installing an additional atf cooler.
Good luck. I hope they last a long time.
You seem to be a very lucky person. Good for you. I don't know any person who owned a CVT Nissan without having expensive and annoying transmission issues. I can understand Nissan's decision to implement those "artificial gears". Driving a CVT car is an absolute nightmare for me. I cannot get rid of the feeling that the clutches in the gearbox are slipping.
It is, of course, very stupid that you aren't able to disable those "gears".
We have a Nissan Leaf, bought slightly used, that is simply fantastic.
I bought a used 2015 Altima with over 220000 miles that was fleet maintained and it seems to be doing fine. I 'm not a lead foot which I assume contributes to stressing the transmission.
My biggest complaint is the OEM headlight defect that I can't get fixed and didn't know about because it was settled while I'm didn't own the car by a private class action suit that didn't involve the DoT or NHTSA so there is no official recall. This affects every Altima model sold 2013-2017 and can be a serious safety issue
I have a 2013 nissan cvt pulsar from new. 150000 kms. People love to chat shit. Not an extra dollar spent. More than I can say for most European and American cars.
In my lifetime I owned cars of all of those brandsI All of them were very good. I wish the new company all the best and only hope that with their combined capacity they can produce the quality cars that normal people can afford.
Price war is what China is doing.
Blinding you with price
So focusing only or more on "affordability" is playing into their strategy.
@@crxdelsolsir EXACTLY!
I am reserving judgement on Chinese cars or tesla for that matter. But one thing is for sure, resale in in the toilet and there charging infrastructure ain't there. Also I don't want to stress about charging when I'm doing long distance in to dingo piss creek
So I'm abnormal?😊
Honda & Nissan will go BANKRUPT before december 2029 😂
Not possible. The government will prop them/it up and not allow that, just as the U.S. propped up GM multiple times. They would consider it a matter of national security.
How is Evergrande, the Chinese property developer, doing these days?
@@crosslink1493 That was China, not Japan.
Love these armchair quarterbacks. Meanwhile all western industry about to come to a halt.
Yup just like how Japanese Govt is proping up US Govt spending now. Once Japan start selling US treasury bills they r holding in massive block daily like China Govt then US Govt will have not enough funds to repay back Japanese Bondholders if the Japanese car merger is going down.
Thanks for an informative video. I’m sure your take on the ‘merger’ is entirely accurate. I also think we will continue to see consolidation in the Western and Japanese automotive industry. However- there is another factor not far down the line to consider: the likely, and fairly imminent implosion of the Chinese economy due to their real estate crisis, and other factors, such as de-globalisation. The Western automotive brands survived before the Chinese economic miracle, and, some will survive in scaled down form I’m sure. US protectionist policies will also hamper Chinese exports…
Implosion of the Chinese economy? Dream on.
The only reason that every Chinese EV brand is not bankrupt is because the Chinese government pays for their losses on every car they make.
The only reason every American car brand isn't bankrupt is because the US government has bailed them out and enacted policies that protect them from outside competition.
@@spiritedgarage Both are true!
I read the net profit before government Subsidy is and I quote $.76 US dollars they barely break even
If true then why can’t japan , eu and usa auto do it too? 😂
@@blueeyes6192USA did that for Ford and GM. How did you think they survived bankruptcy?
For now, both Ford and GM are pretty safe because most Americans want trucks which the Japanese and Chinese couldn't compete with.
But if they need to do it again, I'm pretty sure they will.
I owned a Colt. It was unstoppable.
Great guns. Their Peacemaker was legendary.
@jamesward5721 All jokes aside, I always wonder if the Mitsubishi Colt was sold in the US.
@@Elaba_ Being serious - because we are - Mitsi always made good tack - except the Pajeros.. those suck due to rust - but the others rock. The Mirage is probably the worlds toughest little car - rubbish if you're in a Wild West style gunfight, but great for going to work or shopping.
How does Mitsubishi stay in business with so few vehicle sales? They only sold 87,340 cars in the US last year.
Mitsubishi is in the top 5 sellers in Australia.
Around 700,000 worldwide
by throwing away their ICE production and using a honda engine and other honda parts. this way they can increase parts volume and lower cost.
Mitsubishi relies on its many other heavy industries to prop up its car unit.
@ Yes, most consumers don’t know or care what engine is in the car they drive. Having so many different engines is a waste.
There is an untapped market in the US for affordable basic pickup trucks. Trucks like the Hi-Lux Champ/IMV-0 would sell extremely well.
Mitsubishi Dealerships left UK around 18 months ago, their cars were very rare on roads. So this is nota real surprise.
Same thinking as Blackberry, Kodak and Nokia. Time speaks by itself 😊
Kodak is still here. Blackberry is poorly managed with the CEO buying useless sport teams and what not. Nokia... Microsoft did Nokia dirty.
Honda is kind enough to "help" Nissan even though they too are struggling after Nissan was ditched by Renault. Good luck to both.
The merger details have not been negotiated yet. I can see Honda buying assets like the names and car designs, not the debt and not useless factories that add to the over capacity
You are just saying the true, great way to put it and say it 🎉🎉
This is a common strategy with failing companies. This reminds me of the Sears and Kmart merger here in the US. Didn't help either company.
Yes but to be fair, Kmart was owned by a predatory private equity guy, not a retail expert. He just milked both companies for their value then buried them.
Also reminds me of another Japanese companies: Konica and Minolta. They merged into Konica Minolta only to fail again.
But then they got bought by SONY and here they are, one of the most popular digital cameras along with legacy brands like Canon and Fujifilm.
Could this merger succeed? Maybe. However, I have a feeling that this is more like the re-arrangement of deck chairs on the Titanic. So sad to see! 😢
I will stick with my Lexus LX until the apocalypse arrives...... After which, I will be reliant on rice power, my 2 legs😂😂😂 8:41
if all these companies and factories are shutting down, all/most in china, what does this mean for the Chinese economy? how many worker are involved and what happens to the factories, are they being taken over/sold/repurposed or?
ICE factorys are done for can only salvage em and build from start
chinese economy is not doing well currently. their real estate pyramid scam is currently breaking down, they produce far too much cars and solar panels and batteries for the chinese people and lower the prices to sell them over the world. some car companies already went bankrupt in china because of over production.
Chinese economy will tank for a little bit, maybe. But then the workers simply join one of the many many many Chinese car brands and that's it.
One impact of this combination may be to cut cost by reducing the number of suppliers to keep them operating at higher capacity and to reduce the total headcount in the supplier base for the 3 companies combined....
Japanese loyalty to brands is crazy tho'. I think Honda higher ups won't touch Nissan and would simply sit on it. Maybe keep the commercial trucks line because that's what Nissan has that Honda doesn't.
SONY saved legendary Japanese brand Akai from bankruptcy but did absolutely nothing for it. Release no meaningful Akai products whatsoever. They just proud they "saved" Akai.
Nissan is THE car brand for the Japanese. If Honda didn't save them, I'm pretty sure Toyota eventually will. It's just a Japanese thing.
For every Legacy auto stock you buy, you are buying a good percentage of debt too.
Nah, you don't understand corporate finance.
Nissan to Honda will be what Lancia is to FIAT: a nostalgia.
Honda get Canoo too but restors our Canoo shares to x20 :-D
God bless you.
To be successful the value of Honda partners have to be more than positive. What is the deal numbervice?
Agreed...I think the odds of the world avoiding a depression in the next 2 or 3 years are small.
wont be third for long, byd is taking that spot before end of 2025
If you can't compete and are dying. A merger with 3 relic companies will take it off the list
Guess the three Japanese car makers want to make hydrogen cars which they think will defeat Chinese EVs. Good luck
Ever heard of rearranging chair in the Titanic? 😊😊😊
No wonder why most Nissan model cars are not doing well these days.. maybe it has something to do with their engineering system.. Honda and Toyota have been tough with their Auto Engineering Technology system, while other Japanese automakers such as Mazda, Isuzu, Suzuki, and now Nissan were struggling to stay in the market competition.. they're just lucky that Honda helped them out.. 👍
EV's market impacts are essentially only temporary political and Chinese price war based.
Both while massive issues will settle down.
Chinese Ev's have massive issues in both products and companies, yet to surface to the general public but already known and visible to many.
Politics and policies of nations around Ev's are volatile and also have massive issues. Just like Chinese Ev's issues this is yet to fully surface to the general public but already known and visible to many.
Once these come out, the price war settles, the political landscape settles the storm hitting the car market will settle.
Honda being considered the most capable/toughest company is tasked to help save its brothers during this time of need.
Nissan is done. Honda and Toyota will have to find ways to survive next crucial year. Only countries with poor infrastructure will be stuck with old and populatant products.
That's the USA!
Lol that's most of the western countries. Including australia. Lord help you.
Nissan produces trucks which Honda doesn't. So they can focus the Nissan brand to trucks and replace everything else with Honda product lines.
Shame. In 2010, Nissan had a lead in battery-electric cars. What a missed opportunity.
Very insightful of the Viking!
Totally agree that the auto industry is the canary in the coal mine.
I hope they name the new company HNM, because the confusion would be hilarious when car ppl talk to fashion ppl.
I was wondering if European carmakers can only survive now if they merged with Chinese EV companies. Just imagine VW or Mercedes merging with BYD. Then BYD could help them develop an affordable EV, and BYD would get access to a quality brand name with a huge market. It would be a win-win for both companies, no?
If they don't merge, China will probably buy them anyway in a few years from now. And nobody in Europe is going to like that. So I say merge now, and work with China instead of fighting them.
Yes, I think the most likely scenario over the next couple of years will be EU, US, & Japan carmakers rebranding Chinese "sleds" or complete cars. CATL's sled is the guts of an EV, that you can just slap your own chassis on top of. It's an admission that we can't make good EVs on our own, but it's business realism.
CEO of Geely invested $10 Billion in M-B…
They don't need to merge, they just get bought out when they are finally on their knees. How many car brands have already been bought out by the chinese? I know MG for a start
The Volvo way!
That's the truth 😂😂 how much for the bridge 👍👍
For UK viewers: Beware, Sunderland! You voted Brexit big-time and Honda have since closed their UK manufacturing.
No they haven't
@Dw91-k8n My mistake, since corrected. I meant to type "Honda have closed ..." but missed out Honda. Thanks for the heads up.
Honda and Nissan going electric is a game-changer.They will fall behind BYD short-term but long-term they have a fighting chance.
Mitsubishi: Am I a joke to you?
@davidsentanu7836
😊
We’ve known Hondas to be these cars that don’t break, hope it stays like that
K-Mart and Sears had the same idea...and fell like cement clouds.
VW and Audi also had the same idea. Yet here they are.
Sayonara Japan.
Most of the problem is interest rate. From the consumer to the supply chain.
At least there's still Toyota who can buy them out if the time comes, and then they can unveil their Solid State Battery together.
Toyota is always late to the party. For years they claim to achieve such battery. Years after years, they lie just to entertains and keep their loyal customerfromo switching brand. Toyota EV and rav4 hybrid are a nightmare to own.
MG will have a semi-solid state battery out next year. Do you really think Toyota are anywhere near getting them to market? they are miles behind.
Hi Sam, what’s your thought on why Nissan Leaf lost its way from a relative pioneer in new energy vehicle market. Maybe doing a segment on The Leaf would be enlightening…
They didnt want to make changes to existing product. Got surpassed by competition that made upgrades.
When I was looking for an EV i shopped for Bolt and nissan leaf . (pre tax credit 7500)
I found the Bolt ok. but I loved the leaf. It felt more high quality and I would have bought it. But I had to wait a year or two.
forward to 2022/3 I test drove new Bolt EUV. No longer feels like crap. nice leather. Nice BIG nav screen. ton of room. 250 miles. No brainer I bought that over a 210 mile leaf that cost more. less miles.
@@BarryObaminable We have a 150 mile Leaf, 2022, bought used and paid a total of $13K. It's not the best EV on the road these days, but we absolutely love it. So quiet and fast, beautiful styling, lots of smart features. My next EV will be 400 miles or more (hopefully) but for now, this is the most fun I've had in a car since my little Civic hatchback stickshift. The Ariya was supposed to replace the Leaf, but no one's buying it; too expensive, under-featured. But people who own it do say they love the car, so I don't know what's going on. All I know is, when we were at the Nissan dealer shopping for a Leaf, I said to a sales guy "So, that's the new Ariya?" and he just nodded and grunted. They seemed almost embarrassed. I guess it's not selling.
They purposely make the Leaf look ugly and uninteresting to protect their ICE lines. The same with Toyota making their Prius awakward looking, also the bZ4x (not only ugly, but the name is also stupid.)
Big mistake. When they realised their mistake, they tried to make the Prius sexy. Too little to late.
It's all about survival, simply as. Time will tell.
Don't care for Nissan that much, but seeing Honda in this situation breaks my heart, I grew up driving Civic in my late teens early twenties, tinkering and ricing my Civics used to be a hobby. But Honda has been in doldrums for decades and have not been able to get out of the rut when they still had a brand name recognition and market share around the world. Now, I think it's a bit late. As efficient as Japanese car makers could ever be, it would be difficult to compete with China on price points, scale and volumes.
Thank You
How can a country that can’t make a competitive smartphone compete in electric cars? same to 🇩🇪
That's right!
Japanese people don't embrace Android. They loved their iPhones, and no one can make iPhones except Apple. Big mistake, but out of the control of the Japanese smartphone manufacturers.
Ive had Japanese motorcycles and a Japanese car and a truck, and all of them have been great. I feel sorry for Japan and hope they can pull it off somehow though it isnt looking too good.
Here we go again, many years ago a French company did just that, rescue Nissan from going bust, now a local Japanese company trying to do the same. I am amazed by these gesture, they are all going under no matter what the rescuers do, this company is useless, don’t all of you see the hopelessness in Nissan???
So these brands are more expensive than Chinese with less technology & they can’t make profits? Fascinating…
Yeah, what a big mess have they become!
ICE car production cost is higher than EV car, as much more parts. ICE car cannot compete with price.
So what can we expect or project for Stellantis ???
What needs to happen is goverments to reverse all the EV crap. Charge massive tariffs on milk floats and remove tax on petrol.
Well researched and presented as always Sam
Only bit I would disagree with is your final comment about global recession then depression
Post GFC they have figured out that they can prevent this from happening by stimulating to the wazoo
The liquidity cycle is just kicking off again, asset prices, equity markets, & crypto will all go up into 2025 and maybe spill over into 2026 as well, before the music stops again
It’s no mystery why three car companies would merge when BYD, MG and Tesla are dominating the car market. In WA alone the increase in EVs has been 530%. It’s like the three Protestant churches merging to make the most of market share
It's 530% from pretty much zero.
@@davidsentanu7836 Yes exactly, better to provide some perspective & reference to that figure. Until they add enough charging infrastructure and the cars have decent range, any West Aussie who is not a city dweller/city worker is going to avoid the change due to range reality. That supposed super electric highway from Perth to Esperance is a PR scam - the one & only charger at Esperance cranks up a diesel generator to provide the charging station with power bcos the network is so weak down there. Its not even charging from coal or natural gas, but diesel. WA is wait awhile for good reason.
@So?
@@lindasmith320 So? What so? You were giving a snippet of information, and I did too. People can make their own mind by the given information.
So what's in this deal for Honda?
Is BYD making a profit?
Would love to hear your take on the possibility of Tesla and BYD surviving the big shift, with Tesla ultimately dominating because of advantages in AI, communications, S/W, and determination from the wealthiest man on the planet.
You would need to understand how China works to answer this. Any industry that the central govt decides as being strategic for their long term goals will get unlimited financial support. They will happily run at a loss for a long time to kill off any competition. If this is what happens then Tesla may need similar support from the US govt to stay in that battle of attrition. How do you become a wealthy man on this planet? Start off as the wealthiest man and go into battle with China and see who caves in first.
A TITANIC WITH A 'CHRISCRAFT' NAMEPLATE.
By chance, the latest Honda engines are no longer turning counter clock wise 😅 they may be able to copy Stellantis winning strategy by standardizing their powertrains and platforms... 😂 all brands cars will be the same except their "top hats" .
A Bitcoin Treasury bill was up for a vote in Japan and I was like, "oh, okay...they have a chance to prevent a complete economic implosion!" - but no, it got voted down. They're in trouble.
Japan and Germany, two countries in competition in the race to the bottom.
Question is which stock will rise from the merge?
They elect Carlos Ghosn to run the company, I would die laughing.
He'd be wise to run the company from Lebanon.
He ruined Nissan.
@ hey, he’d be just doing “remote” work 😂
That would be about the only way they can enforce their arrest warrant 🤣
E-Viking is correct as to Japan’s economic strait. However, he ignores one important fact: Japan is vassal State of USA or a colony of USA, either definition means USA will bail out Japan.
Notice that Japan owns $1.4 trillion US Treasury Bonds.
The link to the source goes to an article about the slave workers at the BYD factory site.
I remember Ghosn has said that eventually bankruptcy awaits Nissan either way, and he knew the scenes from up close and personal,
He might rethink whether he should have said that openly in the box to Lebanon.