Europe’s automakers are facing deepening challenges as demand for EVs disappoints and costs rise, ahead of tougher new European Union regulation to reduce carbon emissions, according to the head of the region’s car lobby group.
Sigrid de Vries, Director-General of the European Automobile Manufacturers’ Association, tells Bloomberg that European carmakers cannot “decouple” from China, and the industry is in a “perfect storm” amid recent disappointing data and reports. De Vries spoke to Joumanna Bercertche on “The Pulse with Francine Lacqua.”
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