Brands such as Canoo and Lucid face uncertain futures, with long-standing names like Buick grappling for survival amid intense market competition and shifts towards electric vehicles.
The automobile industry's transition from gas-powered to electric vehicles presents a critical challenge for both emerging and established brands, raising questions of survival for many.
Historically, numerous car brands have exited the market due to competition and market forces, illustrating the volatility and competitiveness of the auto industry.
Increased competition in the automobile industry enhances consumer options and pricing, making the question of which brands will survive crucial for industry stakeholders.
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