European auto sector crisis deepens: Stellantis joins Volvo, VW in job cuts

European carmakers face escalating crisis as Stellantis reports serious trouble, following Volvo's 2,500 layoffs and Volkswagen's potential 100,000 job cuts. Transport economist Roel Gevaers warns the worst is yet to come, signaling structural decline in the sector. This matters as the auto industry is a major economic pillar, with job losses and potential plant closures affecting growth and trade.

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