Car
The European automotive industry is the world’s second largest automotive market. Only in Asia, especially in China and Japan, are more vehicles produced than in Europe. From the traffic turnaround to gasoline prices & battery recycling to e-mobility & e-fuels, read the latest auto news in Europe.Table!
The European industry is also facing major challenges that affect the entire value chain:
Global competition
increasing costs
rising raw material prices
increasing cost pressure on suppliers relocation pressure
massive structural shifts between OEMs and suppliers.
Added to these challenges is the fact that with the Green Deal, the EU is committing to the Paris climate targets: by 2050, the entire European economy is to become climate-neutral. This entails a change in the European automotive industry.