EconomicGermany·23 Oct 2026
European automakers face financial challenges amid EV transition
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Major European automakers, including Volkswagen and Stellantis, faced significant financial strain in 2025 and 2026 despite a 30 percent increase in European EV sales. Volkswagen initiated layoffs affecting 50,000 workers and reported a decline in operating profit margins from 5.6 percent to 1.8 percent, while Stellantis recorded 22.2 billion euros in…
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