European car market risks collapse amid Chinese competition and EV switch - 'Action is now required'

Germany's auto sector has issued an urgent warning that tens of thousands of jobs could be at risk across the continent over competition from China and "political goals".Hildegard Müller, president of the German Association of the Automotive Industry (VDA), has issued a damning statement on the future of the European car sector.She explained that the VDA and member companies had highlighted the poor conditions for business in Germany and Europe on a global scale.The president added how the warnings have been acknowledged, but the consequences have "regrettably largely failed to materialise - namely, the necessary change of course". TRENDING Stories Videos Your Say Carmakers across the continent have struggled in recent years as a...

Read the full article at the source.