Automotive Industry:Europe: Difference between revisions

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=== <big>KPMG 2023</big> ===
=== <big>KPMG 2023</big> ===
<ref>https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2023/02/the-european-automotive-industry.pdf</ref>
<ref>https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2023/02/the-european-automotive-industry.pdf</ref>
'''Focused on ICE Market'''
[[File:Screenshot 2023-09-14 113517.png|center|thumb|596x596px|https://assets.kpmg.com/content/dam/kpmg/xx/pdf/2023/02/the-european-automotive-industry.pdf]]
"Recessions come and go, yet the automotive original equipment manufacturer (OEM) sector has continued to grow. And that has placed the focus on building up capacity and harnessing process efficiency. Now, growth no longer looks so certain. In fact, we believe that the automotive OEM sector has entered a period of decline and disruption. Emerging out of the pandemic is a perfect storm that threatens to change the fortunes of the automotive industry."
Five key factors are driving this perfect storm:
# Macroeconomic trends, rising inflation and economic uncertainty — coupled with global geopolitical disruption — suggest the anticipated rebound in demand may not materialize.


== References ==
== References ==