Automotive Industry

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NSK plans to shut UK factories - placing hundreds of jobs at risk (news.sky.com)

submitted 2 days ago by schizoidman@lemmy.zip to c/automotive@discuss.tchncs.de

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Unite blamed pressures on automotive parts suppliers from weak demand hitting car manufacturers during the transition away from internal combustion engines to electric vehicles.

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[–] Sepia@mander.xyz 2 points 2 days ago

The pressure on car markets are not limited to the UK. China's BYD literally warned a 'bloodbath' in its Chinese domestic market, and we have been watching mass layoffs and bankruptcies in China, Europe, the U.S. in recent years.