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The Big Miss on Electric Cars Is Remaking Europe's Auto Industry

21 Feb 2024 | Abstracted from Yahoo News

"Volkswagen, Renault and Stellantis are thinking the unthinkable, exploring tie-ups with sworn competitors to make cheaper electric vehicles and fend off existential threats...As pressure builds on European carmakers to sell more EVs, China's state-supported manufacturers are entering the cooling market with models that are often better and cheaper...Failure for Europe’s carmakers to come up with a working Plan B risks upheaval in an industry that employs some 13 million people and accounts for 7% of the EU economy."

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