The legacy car company business is collapsing due to declining gasoline vehicle sales and intense competition from electric vehicle manufacturers like Tesla and Chinese companies.
Chrysler is expected to be eliminated within a year due to failing sales and reliance on a single product, the Pacifica van, which is no longer in high demand.
Stellantis' strength lies in its more resilient brands like Ram, Dodge, and Jeep, which are currently more competitive in today's automotive market.
While traditional car manufacturers struggle, investors are encouraged to seek out innovative tech stocks that might deliver significant returns, signaling a shift in focus away from declining companies.
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