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Europe's carmakers face layoffs and closures due to weak demand, high costs, and Chinese competition.
Europe's automotive industry is under pressure from weak demand, high costs, and competition from China, leading to significant layoffs and plant closures.
Notable actions include Volkswagen cutting 35,000 jobs, Stellantis shutting down a Vauxhall van factory in England, Ford laying off 4,000 employees, and Bosch planning to cut 5,500 jobs.
The slow transition to electric vehicles adds to the industry's challenges.
4 months ago
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