Reported about 7 hours ago
A recent Gartner report highlights that several car plants in Europe and North America may close or be sold in 2025 due to overcapacity and increasing competition. Automakers will likely reduce production capacity to meet emissions targets and face tariffs, while Chinese EV manufacturers are expected to dominate the market. High-cost countries will experience more closures, and legacy carmakers may seek partnerships with tech firms to adapt to the shifting automotive landscape.
Source: YAHOO