Chapter 484
As financial instability spread, it began to affect the real economy as well. It was now at a point where everyone could feel it.
Just as in the financial crisis, car sales were the first to hit the brakes.
The automobile industry is large in scale and employs a large number of people. Even if cars don't sell, factories have to run, tens of thousands of workers have to be paid, and business relationships with parts suppliers have to be maintained.
In Karos's case, since orders were already backed up for more than six months, it wasn't enough to immediately disrupt production, but it was a difficult situation to execute large-scale investment plans such as building new factories.
GM, Ford, Toyota, Daimler AG, and the Volkswagen Group began to reduce factory operating hours due to a decrease in orders.
As the flow of funds became tight, everyone was on high alert. This was because almost all automobile companies were in the process of transitioning to autonomous electric vehicles.
Sales of existing vehicles are decreasing, and the amount of investment is gradually increasing, but they are not yet making a profit in the new industry.
Even though the real crisis hadn't even started yet, screams were erupting from all sides.
I spoke with President Trusova of Rosatom on the phone.