Despite the auto industry's cries of despair, largely blamed on EU regulations, carmakers continue to report massive profits. William Todts of environmental NGO T&E criticizes the industry for fabricating a crisis narrative to resist sustainable reforms. This ongoing profitability highlights the urgent need for stricter environmental measures, asserting that the industry can well afford to transition towards greener practices without sacrificing economic viability.
Carmakers' Profit Surge Exposes Hollow Claims of an Auto Crisis
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Jan-29
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“The car lobby has created this whole narrative that they are in crisis and that the EU is to blame for that. This is a complete fabrication,” said William Todts of T&E. The post What auto crisis? Carmakers are still making billions, NGO boss says appeared fi…
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Jan-29
Auto
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Carmakers are proving resilient with strong profit margins, despite facing an onslaught of EU regulatory pressures. William Todts of T&E may accuse the industry of concocting a crisis, but insiders argue that this narrative overlooks the genuine challenges faced, from steep R&D costs for green technology to competitive disruptions. Such profits are seen not as evidence of a fabricated crisis but as a testament to the industry's innovation and efficiency in a hostile business climate.
From Biztoc.com