What would you expect from culture that has near no experience in the automotive sector, one the US has been working at successfully for 100+ years?
They've been trying to outsource jobs since the 70's with little to no success. Anytime a counterpart learns something new, they quit and jump for a nickel raise into a new position. Then you have to train the next person right in line. Instead, the bean counters got the brilliant idea to bring them overseas and in house instead.
The goal is to lower the employee cost. Stated from managers within the OEMs, they've specifically been instructed that for every high value individual removed, you are not able to replace unless with two lower price value candidates. This in turn creates a perpetual cycle. Why do the work correctly once, when you can do it three times before it's correct? Why keep quality, when quantity is the new target. Beyond the language barrier issue at times, it seems that our OEMs want to participate heavily in the woke DEI program, in which this is, as per instructed higher than their paygrade.
And this is why there is no love lost from me, when I see OEM valuations fall into the abyss. The more desperate they become, the more nonsense they participate in and with, the more eventual return to normal eventually occurs. You can lie to everyone, but you can't lie to your portfolio valuation. Case in point, AV's and EV's anyone? They bet the farm on that useless sh*t, when everyone knew they weren't going to profit on it. Now, welcome to the future. OEM stock prices are just getting started. Much more down to go... Just wait and watch, we're in the early stages still.