European Automakers Face Tough Road to Recovery, Warns Industry Leader In a stark warning to the European auto industry, VDA President Hildegard Müller has called for drastic measures to restore competitiveness, citing the need for significant restructuring. Müller's comments suggest that European automakers will have to make tough choices, including job cuts and plant closures, to stay afloat in an increasingly challenging market. The industry has been grappling with declining sales, rising production costs, and intensifying competition from Asian rivals. As Müller's words echo through the automotive sector, it remains to be seen whether European manufacturers will be able to adapt and survive in the face of mounting pressure.
VDA President Hildegard Müller says European automakers must undergo significant restructuring, including job cuts and plant closures, to regain competitiveness.
