Europe’s auto suppliers reach the end of the road – ET Auto
Baua Electric
MAY 6, 2024
Production of the car component at the town of Gifhorn will end in 2027 and move to Croatia, the Czech Republic and Wales to keep the costs “competitive”, according to Continental, which will cut about 7,000 jobs worldwide. The axe has already fallen on 3,400 workers at Ford’s factory in Saarlouis, in the west of Germany.
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