Job losses at Europe’s car parts suppliers soar as vehicle market slows
Falling sales growth and excess capacity have led to sector pain that the EV transition is not easing
cross-posted from: https://lemm.ee/post/51751381
Wonder when we'll see US-style tariffs in Europe on Chinese vehicles, particularly EVs. In the name of protecting European jobs and auto marketshare. Which would be unfortunate, given the need to move to EVs to mitigate climate change. As an American, I would've loved to have a $20k Chinese EV. I don't think there are ICE vehicles in the US that cheap these days.
But I also get the jobs issue, too. I think much of the West is in the situation we're in because of offshoring of jobs and competition from cheaper labor overseas. Loss of jobs, income, ability to support family, etc.
Curious to see how this plays out.
I'm still working in the automotive and mostly with European OEMs. I might have the opportunity to switch to a project in China. And because I'm located in Korea this would make the timezone issues go away too. But the project is still for a German OEM who just produces in China, I wonder if they have a future there.
