News

Market Intelligence: car brands follow luxury groups’ example

02/05/2023

Our Market Intelligence fortnightly newsletter returned on May 2 with a slightly more upbeat tone than there has been in recent months.

The European automotive industry is the source of positive news because car manufacturers are “discreetly turning back towards leather”. These car manufacturers are increasingly withdrawing from the mass market, the report says, where they are losing more and more market share, especially in e-mobility, to competitors from China.

To continue reading this story, please sign in or register.