Part 3/8:
The Impending Crisis for Japan’s Automotive Industry
Japan's automotive industry, critically dependent on its automobile sector for economic stability, finds itself at a crossroads. The automotive sector contributes significantly to Japan's GDP, more so than any other country. Yet, recent trends reveal a worrying decline in sales for major Japanese manufacturers.
Nissan, once a cornerstone of the Japanese automotive landscape, is reported to be on the brink of bankruptcy, while Mazda and Subaru are also struggling amidst decreasing sales. Japan's automotive manufacturers face not only competition from rival nations but also tariffs, particularly from the US market, which significantly impact profitability.