European Automakers Face Hurdles In 2023 As China Threat Looms

The European automotive industry faces a tough year. Will there be a full-blown recession or just a mild one? One leading manufacturer warns of factory closures in 2023, another says be prepared for volatility and challenges. An investment researcher declares global recession is in the air. Another industry expert talks of an uncertain year for the global auto sector, while another expects more “normalcy” in 2023.

In Europe, the threat from China will be formidable, particularly in the electric car sector.