Major automotive manufacturers are facing growing challenges as they struggle to keep pace with the rapid shift toward electric vehicles and evolving consumer demands. Despite decades of dominance in the internal combustion engine market, traditional automakers are now grappling with declining sales, rising costs, and the need for costly transitions to new technologies. Industry analysts warn that those slow to adapt risk falling behind competitors who have already invested heavily in electric and autonomous vehicle development. The future of mobility appears to hinge on how quickly legacy brands can reinvent themselves in a changing automotive landscape.
The old carmakers are running on empty Lowy Institute
