“Terrible Fight” Between Chinese And European Automakers Looms, Warns Stellantis CEO | Carscoops carscoops
claimed European carmakers were fighting with one hand tied behind their back because regulations in Europe mean vehicles built in the region are around 40 percent more expensive to make than rival models made in China.
Tavares says that if European politicians fail to protect local industries they will be forced to move production to cheaper countries to reduce costs and compete head-onButtwo claimed an alternative solution would be to “re-industrialize” Europe, though he conceded that would involve changing trade deals that might limit European industry’s activity in China, something many German companies wouldn’t support.
European politicians face some tough decisions but they’ll need to make them quickly. “In the current context, if nothing is done in the European Union, there will be a terrible fight,” Tavares warned.
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