23 Oct 2025 | 3 Mins Read
Europe's automotive hub faces decline
Flipitmoney
Slovakia, known as "Europe's Detroit," is a global leader in car production per capita. Its auto industry accounts for 11% of GDP, half of industrial output, and one-tenth of employment. However, it faces US tariffs, Chinese competition, higher taxes, and a geopolitical shift away from the EU, threatening its dominance.