Skip to content

Europe Auto Profits Weakening, Undermined By Slowing EV Sales – Forbes

Europe Auto Profits Weakening, Undermined By Slowing EV Sales – Forbes

Auto sales in Europe still look strong, but the underlying profit fundamentals are deteriorating fast, not helped by electric cars failing to meet expectations. In particular, Volkswagen and Mercedes are under pressure, but BMW is fending off the stresses. European Automotive Manufacturers Association data looks healthy, but behind the numbers, negatives are building. In October 2023, EU car sales rose 14.6% to 855,484, although the biggest market, Germany, rose only 4.9% compared with the same period last year. The outward… 

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *