Allianz Trade: European Auto Industry's Hidden Crisis Masked by Austerity

A new study by Allianz Trade, released ahead of the Paris Motor Show, argues that the European automobile industry's underlying crisis is being concealed by austerity measures. The report suggests that cost-cutting has masked structural weaknesses, potentially leaving the sector vulnerable to future shocks. The claim is based on the study's findings, but the specific data and methodology are not detailed in the source.