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European Auto Profits Weakening
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European auto sales are strong, but profit fundamentals are deteriorating due to slipping EV sales, supply chain interruptions, and inflation. Mercedes and Volkswagen are facing challenges in selling electric vehicles, while BMW is holding up. The automotive industry in Germany fears the economy is worsening, but the IFO Institute reports a slight improvement in expectations for the coming months.
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How might the deteriorating profit fundamentals impact the overall European auto industry?
How might the worsening economic outlook in Germany affect the automotive industry and other sectors?
What strategies could Mercedes and Volkswagen employ to overcome their challenges in selling electric vehicles?
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