Across European industrials subsectors, Automotive has been one of the most challenged. Acute pressure with the start-stop ICE/EV transition and the competitive threat from China and other countries has prompted a major shakeup with European OEMs and the supply chain. Industry data shows that the job cuts continue apace, and achieving cost competitiveness with Chinese OEMs is some way off. A recent study published by CLEPA (the European Association of Automotive Suppliers) reports that the cost ....
