China & Demand Hit Europe Auto Factories: Closures Loom?
European Auto Industry Faces Existential Threat: China’s Rise and Demand Slump February 29, 2024 – A confluence of factors – aggressive competition from Chinese manufacturers and a significant downturn in consumer demand – is pushing Europe’s established automotive industry to the brink. Factories are facing potential closures, and the future of traditional automakers hangs in … Read more