Auto giants face factory shutdowns
Edited By WION Video Desk
Published: Jan 17, 2025, 07:55 IST | Updated: Jan 17, 2025, 07:55 IST
Several car factories in Europe and North America face imminent closure or sale this year. This comes as automakers grapple with overcapacity and intense price competition. According to a Gartner report, automakers are expected to cut production capacity on both continents by 2025, driven by tightening emissions targets and tariff challenges. Watch in for more details!
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