Oliver Zipse expressed concerns at the Paris motor show, stating that the EU's goal of banning combustion engines by 2035 may lead to a significant reduction in the automotive industry, emphasizing that this ban is unrealistic.
Carlos Tavares, CEO of Stellantis, warned that proposed tariffs on Chinese cars could expedite plant closures in Europe, putting European manufacturers at risk of losing competitiveness.
Tavares suggested that while Chinese automotive brands are unlikely to target major markets like Germany and France, they are likely to establish manufacturing in countries like Hungary, increasing competition for local European manufacturers.
With the growing influence of Chinese brands, the traditional European automotive sector faces challenges, as major manufacturers like BMW showcase their electric vehicles to defend their market presence.
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