Europe auto industry faces perfect storm, ACEA says

Mercedes S-Class output is pictured in Sindelfingen, Germany. — Mercedes S-Class output in Sindelfingen, Germany. CEO Ola Kallenius has focused on the industry's most profitable segments rather than chasing volume. (MERCEDES-BENZ)

By:

Bloomberg

September 25, 2024 12:09 PM

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 ACEA.

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