Ask WSJJoin chief China correspondent Lingling Wei and Heard on the Street columnist Nathaniel Taplin at 11 a.m. ET on Nov. 30 for a conversation about the market response to upheaval in China and what lies ahead for foreign business in the country.Still, the world’s largest car market matters, and the current trend of market-share losses for global brands shows no sign of reversing. Infotainment, and other software, seems to be a key weakness.
VW last month said it would invest roughly $2.5 billion alongside a Chinese tech company, Horizon Robotics, to develop software and chips for autonomous driving. Rather than bringing know-how to China, Europe’s largest car maker is now buying Chinese technology. “The German players are no longer the innovation drivers of the industry,” says Patrick Hummel, an analyst at UBS.
StephenWilmot Ford GM and Chrysler build more cars in China today than the US
StephenWilmot Maybe they should have never left in the first place. Americans need to boycott companies who left the us in search of profit margins.
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