Auto Suppliers Brace for 'Polycrisis': EV Woes, Job Cuts, and a Reshoring Shift
The automotive supplier world is in a whirlwind with slower EV adoption, stiff competition from China's EV market, and looming job losses. As suppliers consider shifting production to the U.S. due to tariff uncertainty, the industry faces critical decisions impacting innovation, employment, and geopolitical relations. With major automakers like Ford and Honda retreating from aggressive EV plans, the sector braces for change.
Mar 18