European news ... in Europe is at the beginning of a small recession. Thousands of layoffs in the automotive industry, especially from investments in electric cars.
At Audi, BMW, Volvo, Volkswagen, Peugeot, Renault, Citroën and even Mercedes-Benz are closing down companies. Companies will also be closed in China, the management says. Thousand of jobs lost?
The Swedish company, Northvolt, pioneer of lithium-ion batteries, is seeking protection from creditors. Billions invested and millions (billons) in debt. No more sales due to poor quality?
Conclusion ; many problems in EV cars? To great investments but also in energy transition?