Car plants in Europe, N. America face closures in 2025, Gartner says in report

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Car plants in Europe, N. America face closures in 2025, Gartner says in report

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Car plants in Europe, N. America face closures in 2025, Gartner says in report

//automotive-transportation.news-articles.net/co .. ace-closures-in-2025-gartner-says-in-report.html

Published in Automotive and Transportation on Thursday, January 16th 2025 at 4:01 GMT by Reuters

🞛 This publication is a summary or evaluation of another publication
🞛 This publication contains editorial commentary or bias from the source
🞛 This publication contains potentially derogatory content such as foul language or violent themes

According to a Reuters article published on January 16, 2025, Gartner, a research and consulting firm, predicts that car manufacturing plants in Europe and North America will face closures due to a combination of factors including the shift towards electric vehicles (EVs), overcapacity, and declining demand for traditional internal combustion engine (ICE) vehicles. The report highlights that the automotive industry is undergoing a significant transformation with the rise of EVs, leading to a mismatch between production capabilities and market needs. This situation is exacerbated by economic pressures, supply chain disruptions, and the need for substantial investments in new technology and infrastructure to support EV production. Gartner suggests that automakers will need to adapt quickly to these changes or risk significant financial losses and operational shutdowns.

Read the Full Reuters Article at:
[ https://www.reuters.com/business/autos-transportation/car-plants-europe-n-america-face-closures-2025-gartner-says-report-2025-01-16/ ]