Comment on Europe’s auto companies plan plant closures and layoffs

Europe’s auto companies plan plant closures and layoffs

Stellantis and Valeo are among the auto companies that flagged layoffs and site closures announced in recent months. 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.

 

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