Thursday, October 24, 2024

Crisis in the car industry – here 86,000 have lost their jobs

In many places in the European car industry, the crisis continues to rumble outward. The latest figures show that 86,000 people have lost their jobs.

The crisis in the car industry continues beyond that. And it hits Germany and the country's car brands hard in particular. Since 2020, 86,000 jobs have disappeared in the automotive industry alone.

The figure derives solely from the settlements for positions that subcontractors have had to cut. The car brands' own cuts must therefore be added on top.

According to the industry organization Clepa, the situation is only going to get worse if the politicians do not intervene. Clepa, which represents a large number of actors in the car industry, including Swedish Autoliv and several large sub-suppliers, warns that even greater deterioration is the next step.

In Germany, more than 50,000 jobs have been lost in recent years, making the country the hardest hit area in Europe.

In Sweden, the crisis atmosphere among the car brands has already had consequences, as over 3,000 jobs have disappeared. Subcontractors such as ZF and Continental have made significant workforce cuts in response to the recession hitting the auto industry.

READ ALSO: Volkswagen boss expelled after drug scandal

The organization Clepa points to several reasons for the crisis. A combination of falling demand and rising production costs has created difficult conditions for many companies.

The transition to electric cars is an additional challenge, as many companies are struggling to achieve a sufficiently high profit margin in connection with this transition.

Benjamin Krüger, Clepa's general secretary, states that the situation is worse than during the most critical periods of the pandemic.

He points out that the car industry, which has traditionally been a central part of the European economy, is at a decisive turning point. According to Krüger, more vigorous political measures are needed if Europe is to maintain its position as a leading player in the automotive industry.

Clepa fears that if nothing is done soon, Europe could lose its competitiveness on a global scale.

The organization therefore calls on governments and decision-makers to take the initiative to support the industry in this difficult time, so that the car industry can adapt to the new market conditions without having to reduce more jobs.

Several car brands share that attitude. Right now, for example, Volkswagen is facing its first ever factory closure in Germany. And at BMW, they believe that a ban on the internal combustion engine, which the EU wants to pass by 2035 at the latest, is the same as a dependence on China. Read more about it here .

Read more exciting news from and about the world of cars right here!

Latest

Don't miss

Another electric car brand is very close to bankruptcy

The American electric car brand Mullen Automotive has saved...

Electric car brands occupy the Bella Center: eCar Expo 2024

Europe's largest electric car fair is coming to Copenhagen...

Cookie monster was blitzed in RS2 – now he has paid the penalty

At the end of September, the world-famous cookie monster...

Elon Musk rejects Tesla Model 2 – calls it "ridiculous"

The promised Tesla Model 2, which was supposed to...

The EU still supports the fossil car – "It's totally unacceptable"

In a new report, the Transport & Environment think...
Boosted Magazine
Boosted Magazine
Boosted in Denmark has over a million unique users, surpassing two million sessions, and accumulating over seven million page views each month, and our platforms has become a hub for automotive enthusiasts. Now you can enjoy our content in English too! Enjoy our free car news - every day. Want to talk to us? Write an email to boosted@boostedmagazine.com
spot_img

Volkswagen gets a huge fine for stealing customers' cars

In several cases, Volkswagen has unjustifiably collected cars from customers who were behind on car loan payments. Over 110,000 motorists may be affected. Volkswagen...

P-selskab warns: On Sunday it can be really expensive

On Sunday we switch to winter time. And it can be really expensive for drivers who don't get the parking disc checked in time,...

Elon Musk rejects Tesla Model 2 – calls it "ridiculous"

The promised Tesla Model 2, which was supposed to cost less than 25,000 dollars, will never come. Now Elon Musk calls the idea ridiculous....

This is how wireless charging works in the Tesla Cybercab

The new Tesla Cybercab was for many a disappointment. But there is one thing in particular that everyone must stick to when it comes...

Minister will punish those who do not cycle to work

Several parties will punish those who take the car and not the bicycle to work. Now Tax Minister Rasmus Stoklund will look into the...

Car brands are allowed to sell cars with dead equipment in the EU

It has no consequences for the car brands, who will continue to sell technology based on 2G technology, even if the network is switched...

Renowned German gives the BMW M5 Touring 800 horsepower

BMW has only just presented the first new M5 Touring in 15 years, because the German tuner Manhart is ready to throw himself on...

Bosch sues troubled car brand for billions

The German sub-supplier Bosch has sued crisis-hit Rivian for a larger sum of billions. The car brand slipped out of an agreement without paying,...

The Skoda Fabia in particular only comes to one country in the world

The Skoda Fabia RS Rally2 will now become a street car. But only in one and only one country in the whole world. The...

Unfortunately, the world's most expensive Ferrari sounds super boring

The Ferrari F80 is undoubtedly a monster on any piece of tarmac. But the sound of the 3-liter V6 engine is unfortunately really boring....

How to get cheap car insurance: Save thousands of kroner

Cheap car insurance need not be difficult to find - compare prices with Findforsikring.dk and get the best offers in a few minutes right...

Danish Formula 1 choir signs contract with Cadillac

Danish Frederik Vesti, who is a reserve driver for both Mercedes and McLaren in Formula 1, will now also be a factory driver for...
footer.txt Viser footer.txt.