European Car Manufacturers Brace for Impact as Energy Crisis

Europe houses some the world s finest car manufacturers European luxury cars have earned a big name for themselves around the world While Germany alone carries a lot of Europe s automobile weight the whole bloc does have a robust car industry This industry now faces an existential threat in the form of soaring energy prices that are only predicted to get worse And it s not like Europe s automobile sector was having a rosy time when energy prices were not soaring The Covid-19 pandemic resultant supply chain disruptions and then the war in Ukraine did take a significant toll on the industry But Europe s energy crisis could be the final nail in car manufacturers coffin Do you think Europe s industrial end is near

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