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31 Jan
12:02

EU car output to rebound slightly in 2020

EU automotive production is expected to grow by only 0.8% on-year in 2020, followed by a 2.8% rebound in 2021, according to European steelmakers’ association Eurofer. Output in 2019 is expected to have declined -5.6%. Prospects for the sector have improved after the worst of the slump passed in 2019, Eurofer says. Europe’s electric-vehicle (EV) market looks set to register a further increase following the first signs in 2019 of car buyers’ p…
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