European car industry in crisis: Falling sales and competition from China

European car industry in crisis: Falling sales and competition from China

Slowing the production of cars with internal combustion engines down and at the same time drive the production of cars with electric engines forward – these are the goals set by the European Union and its member states. Despite subsidies for EVs introduced in some countries, sales of electric cars are crashing and the European car market is plunging into crisis.

Europe in brief: EU car industry under threat, Eurozone energy prices and inflation ease, Bolsonaro supporters invade Brazilian government headquarters

Europe in brief: EU car industry under threat, Eurozone energy prices and inflation ease, Bolsonaro supporters invade Brazilian government headquarters

The head of Stellantis Group, Opel’s parent company, calls upon the EU to protect the European car industry from emerging Chinese competition. The EU condemns the invasion of Brazil’s democratic institutions by supporters of former president Bolsonaro. Eurostat announces that gas prices and inflation are slowing down.