Legacy Auto and Legacy Industries in Trouble (Patreon)

Stekkerauto Knows the Auto Industry and AI!

The traditional automotive industry is declining and at risk of becoming obsolete, following a similar fate as its telecom, computing, and consumer electronics sectors, which have already lost significance for many countries.

But not just the car makers, the monstrous network of suppliers that once supported this industry is also threatened with collapse.

The decline is attributed to decades of missed opportunities and strategic errors, making a meaningful recovery unlikely. High labor costs and rising energy prices are additional challenges. Tesla and China are in control - and can a legacy auto maker catch up? No - not unless they could build the world-class software required. And no - they will not be able as they cannot attract the talent.