Tuesday, October 22, 2024

EU automakers slide

"In Crisis Mode": EU Automakers Slide Into First Sales Slump In Two Years

https://www.zerohedge.com/markets/crisis-mode-eu-automakers-slide-first-sales-slump-two-years

Tyler Durden's Photo
BY TYLER DURDEN
TUESDAY, OCT 22, 2024 - 04:45 AM

The downturn in the European auto market is accelerating.

Volkswagen, Mercedes, Aston Martin, and BMW have all cut their financial forecasts in response to the deteriorating conditions. A recently leaked memo from a senior Stellantis executive highlighted increasing concerns over the deepening auto slump. Bloomberg's latest data shows the downturn continues to worsen. 


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