Legacy auto is done and it has nothing to do with the automobile industry. This is not excluive to this sector. In fact, we have seen it repeatedly.
In this video I discuss the nature of disruption and why legacy auto cannot fight it. Actually, the nature of disruption means that companies are impotent against the attacks.
▶️ 3Speak
Disruption transcends industries, rendering legacy auto powerless. Companies face impotence against relentless attacks. Adaptation is key. 🚗🔥
I think that as the efficiency and use of renewable energy increases, the more popular EVs are going to be, which in turn will continue to hurt legacy auto. The rising prices of gas is not helping them as well. I can see legacy autos as collector items and cars for collectors.