DailyKanban

Eight months into the year, steady erosion grinds down world’s largest automakers. In all likelihood, they will end the year with sales below in the last. Cars have always been a cyclical business, and the down-cycle is very much evident.

Toyota Group, down 3.9% YTD, mainly blames the “continued severe market conditions in China, such as the intensifying price competition,”  and the results of the production suspensions back home.

At the Hyundai Group, down 1.3%, promises are made to “cope with business uncertainties.”

AWOL Volkswagen decided to report its global sales only quarterly, reducing 12 embarrassments per year to only four.