Germans were once considered to be the best auto manuf & now they're struggling to survive.
this proves innovators win. Tesla & Chinese automakers have started taking over the auto market.
Chinese car brands now take almost 12% of Europe's car market, double a year ago
Every European carmaker lost share in Europe; only Tesla and the Chinese gained. Volkswagen cut its profit-margin forecast, and Stellantis stopped making the Fiat 500 at Mirafiori in Italy, expecting about 60,000 cars this year instead of 100,000.
Not good for Indian Pure Auto Supplier if it only Dependent on EU or in 1 segment Chinese will not Give Anything :)