European Automotive Industry under Great Transformation in the Industry

Maria Ilyinichna Podstavkova
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Maria Ilyinichna Podstavkova: Russian Foreign Trade Academy, Moscow, Russia; ÀÎ “Mercedes-Benz”

Russian Foreign Economic Journal, 2021, issue 5, 116-123

Abstract: In the modern world, the automotive industry of the European Union is one of the fastest developing and growing industries in the world, despite the fact that this sector of the economy is currently facing many difficulties to its development. External social, economic and environmental factors, as well as global trends, have a huge impact on changes in the industry, which leads to unprecedented transformation in the automotive sector. Today, it is very important for European automobile companies to identify and analyze future trends in the automotive industry in order to develop plans for the strategic development of companies in the future and introduce effectively new business models.

Keywords: European automotive industry; global trends in the automotive market; autonomous driving; electric vehicles; mega trends (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:alq:rufejo:rfej_2021_05_116-123

DOI: 10.24411/2072-8042-2021-5-116-123

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