Europe's car makers are in crisis. Will the threat of war rescue them?
Europe's automotive industry is facing a major crisis due to the pressure from Chinese electric vehicles (EVs); production is declining, factories are closing, and layoffs are on the rise. Manufacturers are now turning to the defense sector to utilize their idle capacity. However, this sector alone cannot resolve the entire crisis. Consequently, Europe is attempting to keep its factories operational by partnering with China—once a major rival.
Keep updated, follow The Business Standard's Google news channel
