Honda's CEO issued a serious warning after his visit to China. He stated that they stand no chance against the country's ultra-fast and low-cost automotive supply chain.
The editorial office, citing Motor1, reports that other leaders in the global automotive industry are also seriously concerned about this situation. Ford's CEO warned that China "could put them all out of business."
Toyota, for its part, declared that they would not be able to survive if the situation does not change. These statements once again demonstrate the seriousness of the competitive pressure China is creating in the automotive manufacturing market.