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European Market: Adjusting Electrification Plan Amid Slowing EV Sales
nced restructuring plans in Europe. The company plans to reduce its workforce by 4,000 by the end of 2027 primarily in Germany and the U.K. due to losses in business results impacted by slow EV sales and intensified competitiveness. It is also adjusting the production plans for the new Explorer and Capri C-segment electric SUVs. In the first quarter of 2025, short-time working days will be added at the Cologne EV center in Germany where the two m...
Market & Tech Reports Updated at: 2024/12/25