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Global Auto Market Faces a Tough 2025, Allianz Trade Report Warns

Summary by Bazaar Times

According to the Automotive Sector Report by Allianz Trade, 2025 is expected to be a challenging year for the global automotive market. The report highlights that European car manufacturers have fallen behind in transitioning to electric technologies, making their vehicles expensive and less innovative compared to competitors. As a result, it will be difficult for European automakers to regain their position this year. Slowing Growth in the Auto…

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Global Auto Market Faces a Tough 2025, Allianz Trade Report Warns

According to the Automotive Sector Report by Allianz Trade, 2025 is expected to be a challenging year for the global automotive market. The report highlights that European car manufacturers have fallen behind in transitioning to electric technologies, making their vehicles expensive and less innovative compared to competitors. As a result, it will be difficult for European automakers to regain their position this year. Slowing Growth in the Auto…

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Bazaar Times broke the news in 16 hours ago on Saturday, February 22, 2025.

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