The number of all-new models coming to market over the next four years is predicted to drop sharply as manufacturers around the world cut back on investments. That will be particularly obvious in the EV market as the industry shifts back to internal combustion, according to the latest annual “Car Wars” study.
The auto industry is in the midst of the most unsettling shake-up its seen in more than a century and that’s likely force radical change in not only what products manufacturers bring to market but how and where they sell them. For one thing, Detroit automakers should consider pulling out of China, said Bank of America analyst John Murphy as part of his annual “Car Wars” study.