Factbox-Europe's embattled auto sector plans plant closures and layoffs

European automotive companies are facing plant closures and layoffs due to weak demand, high costs, and competition, with significant job cuts reported across major manufacturers.

Factbox-Europe's embattled auto sector plans plant closures and layoffs

European automotive companies face challenges leading to plant closures and layoffs, driven by weak demand, rising costs, and increased competition during the transition to electric vehicles.

Factbox-Europe's embattled auto sector plans plant closures and layoffs

Schaeffler shares drop after Q3 miss, costly restructuring plan weighs on outlook

Schaeffler shares fell after Q3 earnings missed expectations and restructuring plans for European operations were announced, causing investor concerns about short-term cash flow and profitability.