Are European automakers capable of withstanding Chinese competition?
The Paris Motor Show opens its doors today, and with it come mounting economic and diplomatic issues. The European Union has just announced that it has secured a commitment from China to moderate the flow of hybrid vehicles into the block's market. It opens the prospect of cutting China's export by more than a half and could prevent millions of Chinese cars from being shipped to Europe. Are European automakers capable of withstanding this competition and their dependence on China? This report from France 2 and Morgan Ayre.