European Automakers Face Tough Road to Recovery: Industry Leaders Call for Radical Overhaul In a stark warning to the European automotive industry, VDA President Hildegard Müller has emphasized the need for significant restructuring to restore competitiveness. Müller's call to action includes sweeping changes such as job cuts and plant closures, a move that is likely to spark controversy among workers and unions. As the industry grapples with the challenges of electric vehicle adoption, shifting consumer preferences, and increasingly stringent emissions regulations, Müller's words signal a major shift in the sector's approach to staying ahead in a rapidly changing market. The question remains: will European automakers be able to adapt quickly enough to avoid falling further behind their global rivals?
VDA President Hildegard Müller says European automakers must undergo significant restructuring, including job cuts and plant closures, to regain competitiveness.
