Automotive Industry:Europe: Difference between revisions

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=== <big>BCG Research</big> ===
=== <big>BCG Research September 2023</big> ===
Traditionally the European auto industry benefited from five advantages: technological leadership, cost efficiency, brand value, stable geopolitics, and the Chinese sales market. All are currently threatened.
Traditionally the European auto industry benefited from five advantages: technological leadership, cost efficiency, brand value, stable geopolitics, and the Chinese sales market. All are currently threatened.
[[File:Screenshot 2023-09-07 113242.png|center|thumb|734x734px|https://www.bcg.com/publications/2023/european-auto-industry-is-under-pressure]]
[[File:Screenshot 2023-09-07 113242.png|center|thumb|734x734px|https://www.bcg.com/publications/2023/european-auto-industry-is-under-pressure]]


'''Three Future Scenarios'''
==== Three Future Scenarios ====
[[File:Screenshot 2023-09-07 121926.png|center|thumb|709x709px|https://www.bcg.com/publications/2023/european-auto-industry-is-under-pressure]]
[[File:Screenshot 2023-09-07 121926.png|center|thumb|709x709px|https://www.bcg.com/publications/2023/european-auto-industry-is-under-pressure]]
<u>Economic consequences of each scenario</u>
<u>Economic consequences of each scenario</u>
[[File:Screenshot 2023-09-07 122059.png|center|thumb|704x704px|https://www.bcg.com/publications/2023/european-auto-industry-is-under-pressure]]
==== How to Achieve Securing the Lead ====


== Future Macro Risks ==
== Future Macro Risks ==


=== Moody's August 2023 ===
=== <big>Moody's August 2023</big> ===


* Energy and resources: Wholesale electricity costs in Europe have surged to twice the costs in the United States and triple costs in China.1 This creates challenges for the auto industry, in which a significant portion of production costs come from energy requirements.
* Energy and resources: Wholesale electricity costs in Europe have surged to twice the costs in the United States and triple costs in China.1 This creates challenges for the auto industry, in which a significant portion of production costs come from energy requirements.
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* Productivity crisis: Europe’s productivity and economic growth lag behind those of its peers, particularly in areas such as software engineering in which the auto industry needs significant additional capacity.<ref name=":0" />
* Productivity crisis: Europe’s productivity and economic growth lag behind those of its peers, particularly in areas such as software engineering in which the auto industry needs significant additional capacity.<ref name=":0" />


=== KPMG 2023 ===
=== <big>KPMG 2023</big> ===


== References ==
== References ==