Avertisment pentru Europa privind declinul industriei auto

Francisco Riberas, head of Gestamp, warns that Europe's automotive industry faces an existential crisis due to competition from Chinese manufacturers and declining production. He emphasizes the need for Europe to invest in technology to regain its competitive edge. Riberas highlights the importance of the automotive sector for the broader European economy, noting that its decline could have severe repercussions. He advocates for welcoming Chinese investment under conditions that ensure local job creation and the use of European suppliers. The automotive industry accounts for about 7% of Europe's GDP and supports nearly 14 million jobs.