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After yet Another Crushing Blow for European Car Manufacturers: Where Will This End? "The Worst Is yet to Come"

Summary by Vrt
"Anyone who thinks we have already seen the worst in the European automotive sector is mistaken: the worst is yet to come." So says transport economist Roel Gevaers (UAntwerp), now that Stellantis, another European carmaker, is in serious trouble. Just last week, Volvo announced 2,500 layoffs, and 100,000 jobs are also at risk at Volkswagen. Does the sector still have a future? And what will it look like?

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vrtvrt
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After yet Another Crushing Blow for European Car Manufacturers: Where Will This End? "The Worst Is yet to Come"

"Anyone who thinks we have already seen the worst in the European automotive sector is mistaken: the worst is yet to come." So says transport economist Roel Gevaers (UAntwerp), now that Stellantis, another European carmaker, is in serious trouble. Just last week, Volvo announced 2,500 layoffs, and 100,000 jobs are also at risk at Volkswagen. Does the sector still have a future? And what will it look like?

·Brussels, Belgium
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vrt broke the news in Brussels, Belgium on Wednesday, October 28, 2026.
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