European carmakers are losing their premium brand status in China, as younger consumers opt for cars from domestic brands, further eroding Western firms’ prospects in a cutthroat global market. Chinese carmakers are increasingly dominant around the world, but European automakers had long controlled the premium sector of the world’s biggest car market. Chinese champions have…
By Eduardo Baptista, Toby Sterling and Gilles Guillaume BEIJING/AMSTERDAM/PARIS (Reuters) -The Chinese government slammed the Netherlands on Tuesday over its seizure of chipmaker Nexperia, blaming it for jamming up a resolution to a dispute that has disrupted auto sector supply chains, hit production and caused some firms to furlough staff. Nexperia, Chinese-owned but based in…
By Rachel More BERLIN (Reuters) -European carmakers could face significant disruption to manufacturing without a swift resolution to a trade and intellectual property dispute over chipmaker Nexperia between China and the Dutch government, an industry association warned on Thursday. The dispute could cause further strain on Europe’s automotive sector, whose carmakers and suppliers are already…