The world's automobile industry is in a "heavy winter"...Even resigning as CEO in crisis of strike

[Anchor]
Major companies that dominated the global automobile market are experiencing a severe winter due to rapid deterioration in their performance.

Large-scale restructuring has pushed a number of workers into crisis, and CEO resignations have followed.

On the other hand, as Chinese companies have made strides, there is a change in the industry.

I'm a YouTube reporter on the report.

[Reporter]
Faced with unprecedented restructuring, Volkswagen workers staged a warning strike.

It is the first time in six years that a strike has taken place at Volkswagen's German operations.

Collective bargaining between the management and the industrial union has been in labor for more than a month.

[Daniela Hildebrandt: We are ready to go on strike. The atmosphere is stagnant because the management does not show any goodwill at all.

Volkswagen, the world's second-largest carmaker, said it would close its German plant for the first time since its foundation, unable to withstand financial difficulties.

If three or more factories close as planned, up to 30,000 people will lose their jobs.Stellantis, the world's fourth-largest company with

Chrysler and Peugeot, transitioned to an interim board system after its CEO resigned in a surprise move.

In the U.S. alone, more than 3,500 people have predicted a restructuring, and a van factory in the U.K. has also been decided to close.

Japan's Nissan has decided to cut more than 9,000 jobs, or 7% of its global employees, and has even stepped down as head of restructuring.

Ford of the United States also announced that it would cut 4,000 jobs, mainly in Germany, by 2027, which shocked the European automobile industry.

[Marcus Basenberg, Director of Ford Germany: The automotive industry is in crisis around the world, in Europe, especially in Germany. The transition to electric vehicles is taking a toll.

Endangered carmakers are struggling because of weak EV sales and competition with China.

Indeed, China's biggest company, BYADI, sold over a million new cars for the first time in the third quarter, taking it to sixth place in the world.

The U.S. market is virtually blocked, but it is quickly increasing its share in Southeast Asia and Latin America.

While the global automobile industry is undergoing a change close to tectonic change, even a large variable called the "Second Trump" is approaching from moment to moment.

It's YTN YouTube.