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Europe’s Auto Industry Needs Quick End To Suez Blockage

Europe’s Auto Industry Needs Quick End To Suez Blockage. “This blockage will add more pressure to an industry already facing multiple supply chain risks from semiconductor shortage, rising shipping costs, long port delays due to Covid-19” The European auto industry in general and Italy, Spain and Turkey’s in particular look vulnerable to any extended delay […]

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EU, British Auto Makers Say Free Trade Deal Failure Will Cost $130 billion

EU, British Auto Makers Say Free Trade Deal Failure Will Cost $130 billion. “ONS data shows WTO might not be a disaster for U.K. Auto” The European Union (EU) and Britain must urgently seal a free-trade trade deal because failure would cost Europe’s automotive industry about €110 billion ($130 billion) in lost trade over five […]

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Europe Faces Biggest Threat From Coronavirus

Europe Faces Biggest Threat From Coronavirus. “The auto industry is much better prepared than for the 2008-2009 recession, with ample liquidity, more manageable cost structures, more efficient automotive supply chains and a focus on earning returns” Europe’s auto industry will be the hardest hit by the coronavirus crisis, but sales loss projections are being scaled […]

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Europe’s Auto Makers Will Be Vulnerable To Chinese Incursions

Europe’s Auto Makers Will Be Vulnerable To Chinese Incursions. “Will there be deaths? I’m not sure anyone will disappear but some massive things will happen. There will be big changes, with China going after and buying companies” The European automotive industry is recovering from the depths of a coronavirus-crisis induced collapse in sales, but some […]

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