Tootfinder

"the drops in sales volumes are largely the results of French and EU car manufacturer’s own strategic choice to prioritise large, more profitable models [.] Despite lower sales volumes, their operating margins have increased. This premiumisation trend is not new, but it has accelerated in recent years, to the point of backfiring, with manufacturers now facing a sharp drop in sales and factories standing idle.
Rolling back the EU’s 2035 targets won’t solve the problem."

Maintaining the 2035 target: Ensuring a viable future for Europe’s automotive industry - I4CE
In the run up to the publication of the European Commission’s proposals for an automotive package on 10 December, car manufactures have stepped up the calls to relax the CO2 standards and the 2035 phase-out of new combustion-engine vehicles by including some flexibilities. They highlight the challenges the industry has faced in recent years, growing competitive pressure from China, and insufficient demand for electric vehicles in Europe as reasons for the sector needing more time for the tra…