Sales in the automotive industry continued to decline, strategic adjustments in the three major European and American auto companies, and layoffs reached 200,000

In 2017-2018, the days of the global traditional automotive industry are not good.

Automobile sales continued to decline due to factors such as trade tariffs, market saturation, new energy technology revolution, and carbon emissions. The three major traditional car companies in the United States have adjusted their strategies.

Ford Motor Company - On October 11, 2018, the world's auto giant Ford Motor Co., Ltd. was exposed to lay off 70,000 people, accounting for 30% of Ford's global 200,000 employees. The first wave before Q2 in 2019 will be cut by 24,000. . Ford is the originator of the automotive industry. In 1908, the world's first large-scale production of the T-car was from Ford.

However, due to the continuous decline in global automobile consumption and the impact of the Sino-US trade tariff war on Ford, the century-old store decided to “flatten the organization, improve efficiency, and reduce staffing and expenses”. Behind the layoffs, in fact, Ford's development is facing a major crisis. Ford's profits plummeted 40% in the first half of 2018, and stocks fell by a third. This is not unrelated to Ford's sales in China in 2017, which fell 35%.

General Motors - In April 2018, in response to the tariff crisis, General Motors announced that it would lay off 1,500 people in the United States, which is inconsistent with GM's commitment to Trump's claim to increase employment in the United States by 7,000. In addition, due to difficulties in solving labor disputes, GM decided to shut down its South Korean branch and abolish 2,600 people.

Fiat Chrysler - In May 2018, Chrysler, one of the three major US automakers, decided to lay off 6,000 people temporarily. There is no reason to be a reason for terror.

European car companies are also not good. In October 2018, Volkswagen CEO Herbert Diss announced that in response to European implementation of new carbon dioxide emission standards, 100,000 people will be laid off in the next few years.

As for mainland car companies, although there has been no news of mass layoffs, car sales have fallen sharply. The data shows that in September, domestic automakers, except for Geely Automobile, all the other nine manufacturers in the top 10 sales volume showed a decline in sales. The “Cosmic Car” SAIC-GM-Wuling fell by 24.4%. This is already the domestic auto market, which has seen a decline in sales for three consecutive months. The reason: on the one hand, it is the saturation of the automobile consumer market; on the other hand, according to the analysis of the Automobile Industry Association, due to the overheated national real estate investment, there is no money to buy a car. Therefore, the decline in car sales may be just the beginning of adjustment for China’s auto market, which has spurred for 30 years.