News in Numbers

Ford has announced plans to reduce its European workforce by 4,000 by the end of 2027 on slower than expected sales of BEVs.

The share of the UK car market required to be taken up by BEVs under the UK’s ZEV Mandate (a level nearer 18% is forecast).

The year that Vauxhall’s Luton, UK, manufacturing plant started making cars. It is now slated for closure by parent Stellantis as it consolidates electric van production at Ellesmere Port.

Rivian has secured a $6.6bn loan for its US Georgia plant. The facility will be constructed in two phases, with the first phase slated to begin production in 2028.

Bosch is planning to reduce working hours and salaries for 10,000 employees - with many capped at 35 hours a week - due to a slump in automotive parts demand.