Stephen Wilmot
speaker
159 appearances
9 recordings
2 series
first heard Aug 2025
last heard 4 Sep
Stephen Wilmot’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 8 in all, peaking in Jul 2026 with 2.
Appearances
You mentioned the Porsche job cuts.
It's lost more than half its sales in recent years.
There have been extra taxes on luxury cars.
But the key effect that the European luxury automakers point to is real estate.
So the Chinese real estate market's been pretty damp in recent years.
And that has led to kind of a wealth effect, which means that people haven't wanted to buy luxury cars in the way that they used to.
All right, Stephen.
Yeah, that's right.
And I think the volume brands, so Ford and GM's brands, they saw that their position in China was a bit challenged.
So they thought, oh, we've got the factories.
We've got relatively good cost positions.
Let's use China as an export hub.
And so they've both sent some flagship models to the US.
But yeah, they're now saying that the next iterations of those products aren't going to be built in China because the political pressure in the US is so against Chinese cars.
You've got this connected vehicle rule, which bans Chinese software in cars.
They're talking about making that even tighter.
So there's certainly shipping cars from China to the US is not looking like a winning strategy.
Other companies, including also Ford and GM, are talking about using China as an export hub for other markets.
So the global south is sometimes referred to.
Volkswagen is also going down that route, saying essentially it'll build cars in North America for North America, Europe for Europe and China for the rest of the world because they face increasing pressure from BYD and Chinese automakers in those global markets like South America.
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