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البلاد
Auto Makers Enter Defense
European automakers are turning to the defense industry to make use of idle factories and production capacity, as output falls, Chinese competition intensifies, and the costly transition to electric vehicles continues. Ford and its partners are competing for a British contract to supply 9,000 military vehicles over five to seven years, while excess capacity at Western European plants is estimated at around 2.5 million cars a year. But the article concludes that defense contracts and partnerships with Chinese companies may generate new business, not provide a comprehensive solution to the industry’s crisis.
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