For decades, Germany has thrived as Europe's car capital, but Volkswagen's internal strife and Chinese competition threaten its dominance and raise broader industry concerns.
Carlos Tavares, head of Stellantis, warns that EU tariffs on Chinese electric vehicles could harm the European car sector, leading to plant closures and job losses.
The rise of Chinese electric vehicle manufacturers at the Paris motor show signals their intent to penetrate the European market, underscoring increasing competition.
Chinese firms are adapting to tariff restrictions by planning local production in eastern Europe, targeting countries like Hungary to leverage lower labor costs.
Collection
[
|
...
]