CHINA’S CAR TAKEOVER? Putin Says Europe’s Auto Industry Is In ‘Deep Crisis’ | Times Now World

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Russian President Vladimir Putin said Europe’s car industry was facing a deep crisis, pointing to factory closures and suggesting Chinese vehicles could increasingly dominate the European market. Speaking at the Valdai Discussion Club near Moscow on October 1, Putin said Chinese cars were “cheap and good quality” and contrasted Europe’s economic challenges with what he described as Russia’s more stable financial position. Putin also said Russia would continue working with China, including potential Chinese investment in a major copper deposit in Siberia, while reiterating that Moscow’s objective for Ukraine includes neutral status. #putin #russia #europe #china #chinesecars #europeancars #carindustry #autoindustry #europeancarindustry #europeanunion #eu #economy #automotive #geopolitics #valdai #moscow #ukraine #russiaukraine #worldnews #breakingnews Stay connected with Times Now World for real-time global news and analysis: 🌐 Read full coverage: https://www.timesnownews.com/world �

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