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Auto giants endured a torrid time of it this year — and few expect 2025 to be much better

11 December 2024
in World
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Auto giants endured a torrid time of it this year — and few expect 2025 to be much better
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Analysts predict ongoing challenges for the European automobile industry due to obstacles in electrification, including a lack of affordable models and charging infrastructure, competition from China, stricter carbon regulations, and potential U.S. tariffs. The industry faces a difficult year ahead as it struggles to catch up with Chinese automakers and grapples with lower car sales and higher interest rates. Some European OEMs are worried about meeting upcoming carbon regulations and a decline in electric vehicle demand.

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Tags: AutoAutosBreaking News: BusinessBusinessbusiness newsenduredEUExpectFerrari NVgiantsMercedes Benz Group AGRenault SAStellantis NVTimetorridTransportationyear
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