The dismal condition of EU’s automotive industry

“EU vehicle production is now 3 million units below pre-Covid levels.

Plants are going dark. In 2024 alone, 90,000 jobs in the automotive industry evaporated.

If Europe wants to avoid becoming a museum of 20th-century manufacturing, we need an urgent reset and a long-term plan.”

Meanwhile, “China has more than enough manufacturing overcapacity to sell to every new vehicle customer in Europe.

Chinese brands have doubled their market share in the region in just 12 months.”

Source:

https://www.ft.com/content/4b9b3dbb-7d4c-48d1-b25e-0a3fe2572bf1