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. Another 100 could find a home at a nearby Siemens mobility plant that supplies rail companies.
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