European automakers at a major car show fear the "party is over" due to declining prices and profits in China, tepid demand in Europe, and uncertain U.S. tariffs. This has prompted a focus on cost-cutting and a reckoning with the shift to Electric Vehicles (EVs).

• Porsche saw auto sales in China drop by 27.9% in the first half of the year.
• Oliver Blume, CEO of both Volkswagen and Porsche AG, stated that "The party we have been celebrating in the automotive industry for decades is over in its current form."
• European automakers plan to launch an unprecedented 350 new electric vehicles by 2032, ahead of a looming ban on combustion engine autos in the EU from 2035.