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Starting in Q4' 22 through 2023, quarterly production from Europe-based auto manufacturing plants was forecast to be in the 4-4.5-million-unit range per quarter - predicting moderate growth.
Auto forecaster S&P Global Mobility warned on Tuesday that, under a worst case scenario, Europe's energy crisis could cut its car production by close to 40%, or more than 1 million vehicles, per quarter through the end of 2023.
By Nick Carey
By Nick Carey LONDON (Reuters) - Auto forecaster S&P Global Mobility warned on Tuesday that, under a worst case scenario, Europe's energy crisis could...
/PRNewswire/ -- With energy prices in Europe skyrocketing, placing business bottom lines in triage mode, a harsh winter could place certain automotive sectors...