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The EU automotive sector has a century-old tradition of producing vehicles with internal combustion engines. It enjoys a global reputation for mechanical engineering excellence, quality, design and creativity. Today, the sector is at a crossroads: the green tAt a Glance - The crisis facing the EU's automotive industry - 02-10-2024
The EU automotive sector has a century-old tradition of producing vehicles with internal combustion engines. It enjoys a global reputation for mechanical engineering excellence, quality, design and creativity. Today, the sector is at a crossroads: the green transition, digitalisation and global competition (in particular China's emergence as a leading global auto exporter) have fundamentally altered the competitive environment. The sector must adapt its business model quickly to mitigate the risks associated with these disruptive trends. Source : © European Union, 2024 - EP Read more