News / US tariff policy 'unsustainable and only temporary', says Geodis VP

@ CLERGUE Bruno

Logistics services providers (LSPs) are feeling the impact of the downturn in the EU’s automobile sector.

Against a backdrop of stagnant economic growth and flagging consumer demand, production fell 6.2% last year , with new vehicle registrations virtually flat (+0.8%), falling into negative territory in the new year ( down 1.9%, January on January).

And there appears little sign of these trends reversing. Moreover, the bleak outlook has been compounded by the confirmation of 25% tariffs on new vehicles exported from the ...