The IAA Mobility Show in Munich highlighted a clear shift in the European auto industry; contract manufacturing, used primarily for overflow from European OEMs, is now being redefined as Chinese brands seek to establish a local foothold. Legacy OEMs step back, contract manufacturers left idle Companies such as Magna Steyr in Austria, Valmet Automotive in Finland, and VDL Nedcar in the Netherlands traditionally built additional models for Europe’s automakers. These included low-volume projects or temporar ...