Europe's Auto Industry Under Siege: A New Era of Competition The car industry has long been a cornerstone of European economies.
However, recent developments indicate that this dominance is waning as Chinese automakers gain ground in the region. Local manufacturers are struggling to keep pace with the shift.
The COVID 19 pandemic has had a devastating impact on car sales across Europe, with numbers plummeting from 15. 3 million in 2019 to less than 13 million in 2022.