France, April 18 -- Caught in the middle of a deepening trade row between the United States and China, Europe's car industry is under growing strain. The latest round of US tariffs on Chinese vehicles and components is shaking up global supply chains - and putting French and European carmakers in a tough spot.
For companies like Stellantis and Renault, which rely heavily on Chinese suppliers, the ripple effects are already being felt. Higher costs, delayed shipments and tougher choices about where to invest next are all part of the fallout.
"For the last 30 or so years, the global auto industry has moved toward markets that can lower the overall cost" of cars for sale, Bill Russo, CEO of Shanghai-based car industry watchdog Automobility, ...