Financial and Economic Updates by Marc Nonnenkamp
The most recent monthly update is on top, followed by archives going back to the first monthly update in December of 2011. Please join hundreds of thousands of visitors from 196 countries (speaking 154 languages) including 50 US States and visit our new website at www.financialecononomicupdate.com. Financial, Economic and Social Mood Update (February 1, 2025) The automotive industry has been one of the leading industries worldwide for almost 140 years. It is now experiencing the biggest and most significant changes since then due to market over-saturation and excess production capacity (largely due to human demographic changes resulting in an ageing population and due to the over-use or abuse of credit financing) and due to the change into new technologies beyond the traditional internal combustion engine powered by crude oil products such as gasoline and diesel fuel. Companies based in mainland China and those selling their retail automotive products in China now comprise 35 percent of the global market with Chinese companies manufacturing and selling 80 percent of all electric vehicles in the world. The entire…