Chinese-built electric vehicles pose the greatest risk to Europe's automakers and could cost them 7 billion euros ($7.7 billion) a year in lost profits by 2030 unless policymakers take action, according to an Allianz Trade report.
Chinese-built electric vehicles pose the greatest risk to Europe's automakers and could cost them 7 billion euros ($7.7 billion) a year in lost profits by 2030 unless policymakers take action, according to an Allianz Trade report.
Porsche is in crisis mode as a failed EV strategy, slumping China sales and Trump's tariffs weigh on its share price and earnings.