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Europe's car giants won't have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will do little to protect the status quo, industry executives said during a Reuters event.
Europe's car giants won't have much time to restructure their operations and product lines to compete with ascendant Chinese automakers, and stiffer tariffs will do little to protect the status quo,...
AUTOS-EUROPE/CHINA (REPEAT, UPDATE 1, PIX):RPT-FOCUS-European automakers need time, not tariffs, to fend off China competition
By Christoph Steitz and Joseph White
As European carmakers aim to produce more cost-effective batteries and more affordable EVs, Stellantis and China's CATL plan to jointly build an EV battery plant in Europe