Breakingviews - COMMENTARY: EU carmaker turnaround hopes look doomed ↧ ↧ Breakingviews - COMMENTARY: EU carmaker turnaround hopes look doomed Shares in €41 ​bln VW, Stellantis and ⁠others have ​suffered as Chinese rivals ​take share in Europe. Today's valuations suggest ​that investors ​assign no value to core ‌businesses. ⁠Deeper cost cuts and M&A will be tough ​to ​pull ⁠off and protection from Brussels ​may arrive ​too ⁠late.