Putin Predicts Deep Crisis in European Car Industry Will Lead to Chinese Dominance

NAMPA / Sputnik

2026-10-01

MOSCOW, October 1 (RIA Novosti) - The European automotive industry is in a deep crisis, with its plants being closed down and people opting for Chinese cars, Russian President Vladimir Putin said on Thursday. "It is a profound crisis. Where is the European automotive industry? The plants are being shut down. We will all soon drive Chinese cars," Putin said at the plenary session of the 23rd Annual Meeting of the Valdai International Discussion......

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