Part 9/11:
The European automotive industry faces its own troubles, as new vehicle sales are reportedly 3 million units lower than pre-pandemic levels. Manufacturers have reacted to this downturn by cutting jobs, with 54,000 jobs lost in the supplier sector last year. A concerning trend identified by CEPA indicates that two-thirds of suppliers lack the financial means to invest in new technologies, thus exacerbating job losses over the coming years.