In the fifty-fifth episode of “EU to go,” Thu Nguyen talks to Sander Tordoir, chief economist at the Centre for European Reform, and Nils Redeker, acting co-director of the Jacques Delors Centre, about the crisis in the European automotive industry—and what needs to happen politically now to ensure that Europe's key industry does not fall behind.
13,000 jobs at Bosch, 35,000 at VW, 7,600 at ZF Friedrichshafen – the headlines of recent weeks show that the automotive industry is under massive pressure. While Chinese manufacturers are conquering the global market with state support and the US under Donald Trump is imposing new tariffs, Europe is struggling to come up with a common strategy.
How did it come to this? Why did German industry miss the boat on e-mobility? And what should Europe's response to the geopolitical and economic challenges be?
Thu discusses the future of the European automotive industry, the role of the single market, and whether a “Buy European” strategy could be the right way forward with Sander and Nils.
An episode about industrial policy opportunities, geopolitical realities, and the question of whether Europe will find the courage to respond with a united front.
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