European Automotive Industry under Great Transformation in the Industry

Abstract

n 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 diffi culties 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.