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Europe’s auto suppliers reach the end of the road – ET Auto

Baua Electric

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.

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Polestar (PSNY) is expanding its retail and sales footprint, will enter seven new markets in 2025

Baua Electric

The melting pot brand with European and Chinese roots is just starting to gain a foothold in the market on the wings of the Polestar 2, its flagship BEV model that has seen several refreshes since its initial launch in 2020. FTC: We use income earning auto affiliate links.

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Hyundai to launch a new electric mini-SUV at €20K

Baua Electric

The best part, the price is aimed at that elusive yet coveted €20,000 range (about $21.5K). In France, where the Casper has been announced by France’s head of Hyundai Lionel French Keogh, the car may additionally benefit from EV subsidies, further pushing that price tag down to well below €18,000, reports Auto Moto. Get started here.

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