The ongoing tariff war between the European Union and China was a major discussion point among visitors to Stuttgart’s Automotive Management Summit, an event that brings together the biggest names in the European car business.
The dispute was among a host of challenges facing the automotive industry, concentrating the minds of delegates.
The summit theme was ‘looking to the future’, but Institut für Automobilwirtschaft CEO Stefan Reindl told CGTN it was the present that currently worried him.
“We are in a crisis and it’s an enormous crisis,” he said. “I think we have some trouble with sales, and with the supply chain structures in the automotive industry. We must optimize the operative business of the manufacturers and the suppliers. Too many people produce too few cars.”
When it comes to electric vehicles, the main issues and concerns surround pricing, while cars manufactured in Europe are significantly more expensive than those …