Why Europe’s automobile disaster is usually made in China | FT #shorts
The automotive business, which employs almost 14mn individuals and accounts for 7 per cent of the EU’s GDP, is confronting an ideal storm. Vehicle gross sales within the area haven’t recovered to pre-pandemic ranges and better rates of interest are miserable demand
#automobiles #autoindustry #europe #carindustry #china #evs #electricvehicle
Produced and edited by Paolo Pascual.
See when you get the FT free of charge as a scholar (http://ft.com/schoolsarefree) or begin a £1 trial: https://subs.ft.com/spa3_trial?segmentId=3d4ba81b-96bb-cef0-9ece-29efd6ef2132.
► Check out our Community tab for extra tales: https://www.youtube.com/@FinancialTimes/community
► Listen to our podcasts: https://www.ft.com/podcasts
► Follow us on Instagram: https://www.instagram.com/financialtimes’