Hyperdrive
Europe’s China Probe Exposes ‘Massive’ Competitiveness Problem
The president of Italy’s auto association sounds off on the EU’s investigation.
An employee working on an Alfa Romeo Giulia sports car on a factory production line in Cassino, Italy.
Photographer: Matthew Lloyd/BloombergThis article is for subscribers only.
Europe’s investigation of cheap electric vehicles from China is appreciated, a little late and won’t be enough on its own to reverse the region’s fortunes, according to the president of Italy’s automotive industry association.
The car sector is in trouble in part because the European Union is trying to regulate its way to an all-electric future without appreciating the implications for industry, Roberto Vavassori, the head of the trade association known as Anfia and an executive director of braking supplier Brembo SpA, told Bloomberg News in an interview.