Carlos Tavares might have his hands full with challenges at Stellantis in North America, but that hasn’t stopped him from bluntly sounding the alarm about the future of European car manufacturing. The Stellantis CEO sees the writing on the wall—Europe’s automotive sector is teetering on the edge of overcapacity, and he believes local carmakers may be forced to shut down plants as a result.
The cause? Not just weak demand or shifting markets, but the influx of Chinese EV makers establishing operations right in Europe’s backyard.
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