What problem?
My last 3 cars had retractable tow bars, it's nothing new.
You either press a button and they swing out and you click them in place or on newer cars they fold out completely electric. But you don't need to fiddle with plastic covers anymore, which is a big plus..
Also those bike carriers are very much standard in Europe. Those tow bar balls have been standardized for the last 50 years or so, so anything fits. I even use a 20 year old VW/Thule bike rack on my BMW, as you don't need a BMW bike rack on a BMW, just any bike rack for those standard European tow bars.
It all fits - bike racks, mobile homes, horse trailers, boat trailers, etc..
I don't even know what an "universal 2” receiver hitch" is, as we don't have inches around here, never had.