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Higher Demand for Hybrids Fragments European Car Market
The energy transition and growing demand for hybrids in Europe will increase car market fragmentation in the near term, Fitch Ratings says. European automakers are losing some of their market share as they are only just starting to work on their affordable hybrid offerings. However, their rating headroom is sufficient to absorb the profitability shock from restructuring measures. The share of the five largest European carmakers has gradually reduced from about 70% of vehicle registrations in Europe in 2018 and 2019 to 64% in the first eight months of 2024. At the same time, Japanese and Korean brands have been ... (full story)
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- Posted: Oct 1, 2024 5:09pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 70
