"The European auto industry is in grave danger," said Luc Chatel, president of the French auto industry trade group PFA, highlighting the sector's struggles amidst profit warnings and a sluggish economy.
"Sales for electric vehicles have stalled when the industry is facing a 2035 EU deadline to phase out new sales of petrol-powered cars," showing contrasting challenges as EV transition faces hurdles.
"High prices at dealerships and a sluggish economy have discouraged consumers from getting new cars, according to analysts," emphasizing the financial barriers affecting car sales in Europe.
"VW closures in Germany mark the first time it could shut factories in its history, signaling serious challenges arising from high costs and intensified competition from China."
Collection
[
|
...
]