Who will lose the war in the Ukraine? Renault, Hyundai, GM, and Volkswagen

The green men

The green men

I had been warning about an overexposure of carmakers to China, and of severe consequences if China’s saber-rattling over the island issue would give way to the rattling of tank tracks. Well, wrong country. OEMs are looking with apprehension towards Russia, where sanctions have already been threatened over the Russia’s crypto-invasion of parts of Ukraine. “Russia is an important market for foreign car brands,” writes Financial Times.  Sure is. Let’s take a look.

[Continue Reading]