Automakers are slashing jobs amid slowing EV demand and rising costs. GM cut 2,000 jobs, mostly in engineering. Ford plans 4,000 layoffs in Europe by 2027, affecting Germany and the UK. VW is considering historic job cuts in Germany, including factory closures.
Stellantis is eliminating 4,000 factory jobs and faces UAW tensions. Tesla cut over 10% of its workforce due to declining sales.
Nissan plans to lay off 9,000 workers, while Aston Martin, Porsche, and others announced smaller reductions. As EV adoption slows, automakers are restructuring to stay competitive in a shifting market.