The shifting center of gravity of the automotive industry worldwide
Asia has firmly established itself as the global powerhouse of motor vehicle manufacturing, expanding by an impressive 113% over the past two decades. This surge has been driven largely by the relocation of production to lower-cost regions, most notably China, which alone accounted for 34% of global output in 2024. With the rise of electric vehicles, China has […]
Long-term production and sales trends in the European automotive industry
The European automotive industry has faced a series of setbacks over the past decades. The first major shock came with the 2008 global financial crisis, after which car production and sales never returned to their 2007 peak. Demand and production declined again during the COVID-19 pandemic. The outsourcing of assembly partly explains the decreasing motor vehicle production […]