>but then lost their edge as China moved itself up the car manufacturing hierarchy
Didn't they lose their edge earlier and because the US togheter with some european nations forced their arm after a trade war to limit their exports, enforce an unfavourable currency regime, etc?
Didn't they lose their edge earlier and because the US togheter with some european nations forced their arm after a trade war to limit their exports, enforce an unfavourable currency regime, etc?