‘Focusing on electric cars’
The European Automotive Industry is not Exactly Thriving, and Dutch Companies are feeling the effects. Several Companies Report Disappointing Demand from the Automotive Industry.
There are Several Dutch Automotive Suppliers Struggling with decreased demand from the automotive industry, reports the fd . In some cases, The Situation is Worrying. Companies Such as Tata Steel, Aalbert, and Bosal Are Seeing Demand Decline, and Especiate the Latter is Facing Serious Problems. Bosal, which generates 90 percent of its revenue from the sale of exhaust systems, has seen seen demand decrease by 10 percent recent. A Third of its revenue Comes from Europe, and Especary The Automotive Industry Here is Under Pressure from the Expective Transition to More Electric Offerings, Chinese Competition, and American Import Tariffs.
Focusing More on the Electric Future of the Automotive Industry Can Help Such Companies, Writes The FD . The Struggles of the European Automotive Industry are evident. The FD CITES Examples Such as ZF cutting up to 14,000 Jobs and Volkswagen Having to Shut Down Production Lines. Ironically, More Than Half of the Jobs to Be Cut At Zf Are Within The Company’s EV Division, And Volkswagen’s Production Stops Involve Electric Cars.