Wednesday, 26 March 2025
Home Author Gergely Szakacs

Gergely Szakacs

FILE PHOTO: Volkswagen ID. Buzz electric vehicles are lined up at the company's plant in Hanover, Germany, December 17, 2024. REUTERS/Fabian Bimmer/File Photo
AutomotiveBusinessEconomyElectric Vehicles (EVs)NewsTradeTransport

Central Europe’s banks can withstand car sector turmoil, S&P says

European automakers have announced plant closures and layoffs amid weak demand, high costs, and a slow EV transition.

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