Is China cannibalising the EU car industry?
Troubles at VW point to growing doubts about future of Europe-wide sector as imports of cheap EVs rise. For decades Germany has enjoyed a reputation as Europe’s car capital, with slogans such as Vorsprung durch Technik emblematic of its political and industrial prowess. But troubles looming over Volkswagen, where unions are battling threats of layoffs and factory closures, have raised questions not just about its future but the wider European car industry.
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https://www.theguardian.com/business/2024/oct/20/is-china-cannibalising-the-eu-car-industry