Europe’s Auto Sector Is Cheap. Get Ready for a Rebound in 2022. – Barron’s
The global semiconductor shortage has made this year a tough one for the European auto industry but it also makes the sector a potential buying opportunity heading into 2022.
Chip supply issues have forced production cuts at the world’s largest car makers, with many seeing problems continuing into 2022. European car sales hit a record low in October, according to the European Automobile Manufacturers’ Association.