On Thursday, the European Commission launches a strategic dialogue to steer Europe’s ailing car industry out of trouble. With economic woes and China’s fierce competition shaking this vital sector of the continent’s economy, just how bumpy is the road through this crisis?
After EU countries approved a tariff of up to 35.3 percent on electric cars from China, German carmakers warn that the decision will distort competition and damage global trade.
A vote on the EU’s de facto sales ban for combustion engine cars has been postponed in the Council of the EU after several nations cast doubt on the decision, thereby unsettling part of the EU’s package to tackle climate change.