Gartner: Car plants in Europe, North America face closures in 2025
STAMFORD, Connecticut: The global automotive industry is poised for a shake-up in 2025, with several factories in Europe and North America at risk of closure or sale due to overcapacity and mounting competition, according to a new report from Gartner.
Automakers are grappling with evolving market demands, emissions regulations, and the growing dominance of Chinese electric vehicle (EV) manufacturers.
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