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A major auto supplier for Tesla, VW, Ford to slash 10K jobs

Electrek

Forvia, a major supplier for Stellantis, Volkswagen, Tesla, and Ford, plans to cut as many as 10,000 jobs in Europe over the next five years. The news falls days after major auto supplier Continental announced that it too was cutting its workforce by 7,150 jobs.

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Auto supplier Adient cuts jobs, transfers roles in Europe to shave costs – ET Auto

Baua Electric

Automotive seating supplier Adient plc on Monday said it was restructuring its Europe business by cutting jobs and transferring work to countries with lower labor expenses, in a bid to cut costs. The company did not disclose how many employees were affected by the layoffs or which countries it is shifting roles to.

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Ford Europe bringing 48V mild hybrid tech to Tourneo van; new diesel engines

Green Car Congress

Ford Europe will introduce more powerful and fuel-efficient 2.0-liter liter EcoBlue diesel engines, new 48V EcoBlue mild Hybrid powertrains; and driver assistance technologies including Active Park Assist in the enhanced Ford Tourneo Custom people-mover from mid-2019. Tourneo Custom.

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Auto supplier Forvia posts organic sales growth for Q1 on strong N.America – ET Auto

Baua Electric

Forvia, which supplies parts to Stellantis, Volkswagen and Ford, and is also active in China, is affected by falling auto demand and competition from Chinese manufacturers. In Europe, organic sales fell by 0.3%, weighed down by a “temporary slowdown in electrification”, Forvia said. billion euros (USD 6.98

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EU auto sales expected to slow in 2024 as EV share increases: ACEA

Teslarati

In January, the ACEA forecasted a 5-percent increase in 2023, showing the overall auto market slowing throughout this year. The recent statements came as part of the ACEA’s recommendations to several EU institutions as to how to manage the five years running from 2024 to 2029, after Europe holds its Parliament election.

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Ford to explore new 50:50 electric vehicle JV in China with Zotye Auto

Green Car Congress

Ford has signed a Memorandum of Understanding with Anhui Zotye Automobile Co., Ford expects the market for NEVs in China to grow to six million units per year by 2025, of which approximately 4 million vehicles will be all-electric. —Peter Fleet, Ford group vice president and president, Ford Asia Pacific.

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Ford is losing millions per day due to a strike in Germany, where it’s retiring the Focus

Baua Electric

Due to a strike in Germany, Ford is losing millions with production at a standstill in Saarlouis, Germany where the Ford Focus is built. Ford’s production lines in Saarlouis have been halted since Friday due to a strike at five surrounding suppliers. The Ford Focus is the only vehicle currently being built at the facility.

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