Automotive and Transportation Automotive and Transportation
Mon, December 2, 2024
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Aramco acquires 10% stake in Horse Powertrain to advance low-emission mobility solutions
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
About New Scientist magazine
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
SmartDV Licenses SDIO IP to RANiX for V2X Solutions
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
SmartDV Licenses SDIO IP Family to RANiX for V2X Products
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
IIMAESL to hold AutoTechniCar 2025 exhibition from Jan. 10-12 at BMICH
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
'Impossible to stay competitive': How shifting industry trends closed Strasburg's IAC plant
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Smart Manufacturing And Mobility Leaders: Adapt With Tech In 2025
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Stellantis workers react to CEO stepping down
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Detailed Deck View Emerges Of China's Mysterious Aircraft Carrier-Like Ship
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
L.A. Company Develops Tech that Allows Cars to "Talk" to Drivers
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Emerald upfits Class 3 EV reefer truck
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Global Auto Study 2024: Key Trends & Regional Results
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Drive Your Business Forward With These 3 Automotive Trends
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Jaguar's concept car leaked ahead of official reveal
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Here's how Trump could affect Tennessee auto industry, businesses see sluggish EV sales
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Stellantis and Samsung Will Get $7 Billion to Build Battery Factories
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Aramco completes acquisition of 10% stake in Horse Powertrain Limited
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Talk it Out NC Guides Families Through Dangers of .. During National Impaired Driving Prevention Month
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
RPM Announces Strategic Relocation to Birmingham, .. ued Growth and Innovation in Automotive Logistics
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Airlines / Aviation
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Automotive Memory Market Size, Outlook, Segmentation Analysis, Share, Drivers and Forecast 2032
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Arts & Entertainments
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Electric and Hybrid Vehicles
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Trump's Trade Threats: 21 Ways American Households Could Pay the Price
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Cartime grows business with fourth supermarket in Nelson
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Kremlin 'continues to support' Syria's Assad amid opposition gains
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Crash prevention technology shows 'huge potential,' but the roadmap is up for debate
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Innovation minister Champagne doubles down on EV plan, says critics lack 'vision'
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Seeking higher margins, Stellantis CEO Tavares lost some core customers
[ Mon, Dec 02nd 2024 ] - Aaron Neefham
Europe's embattled auto sector plans plant closures and layoffs

Europe's embattled auto sector plans plant closures and layoffs


Published on 2024-12-02 04:01:30 - Aaron Neefham, N@N
  Print publication without navigation

  • A slew of automotive companies have recently announced plant closures and big layoffs in Europe as they struggle with weak demand, high production costs, competition from Chinese rivals and slower-than-expected electric vehicle transition.

Europe's automotive industry is facing significant challenges, leading to a series of plant closures and layoffs in 2024. Major car manufacturers like Stellantis, Ford, and Volkswagen are implementing cost-cutting measures due to declining demand for traditional combustion engine vehicles, the shift towards electric vehicles (EVs), and economic pressures including inflation and supply chain disruptions. Stellantis has announced the closure of its gearbox plant in Austria, affecting 300 jobs, and is considering further cuts in Italy. Ford plans to reduce its workforce in Europe by around 3,800 jobs, primarily in product development and administrative roles, as it transitions to electric vehicles. Volkswagen is also restructuring, with potential job cuts at its Zwickau plant, which is dedicated to EV production. These moves reflect a broader industry trend towards downsizing and reallocating resources to adapt to the electric vehicle market, amidst a backdrop of economic uncertainty and regulatory changes promoting greener transportation.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/europes-embattled-auto-sector-plans-plant-closures-layoffs-2024-12-02/ ]
Contributing Sources