Push to Electric, Autonomous Drives Global Auto Industry Job Cuts
This year, the auto industry will produce 88.8 million vehicles, about a 6% decrease since last year. German manufacturers can expect steeper job cuts in 2020, according to an auto industry lobbying group.
Most job losses are centralized in the U.S., U.K., and Germany.
[EMPTY CREDIT]
As electric vehicles challenge the auto industry, manufacturers across the world are downsizing. New data forecasts a cut of 80,000 jobs during the coming year, according to data compiled by Bloomberg. Just this week, Daimler and Audi announced they are eliminating 20,000.
Most job losses are centralized in the U.S., U.K., and Germany.
Outside Europe and North America, Chinese EV startup NIO cut 20% of its workforce in September, after a sales slump and decrease in stock prices. Nissan will dismiss about 12,000 workers in the coming year across the globe.
The report cited shrinking demand and a shift in demand and retrenchments as automakers realign workforces to prepare for electric and autonomous vehicles and the growth of ride-hailing services.
This year, the auto industry will produce 88.8 million vehicles, about a 6% decrease since last year, according to researcher IHS Markit. A German lobby has predicted the total number of produced vehicles will decrease to 78.9 million vehicles next year, the lowest since 2015.
Originally posted on Automotive Fleet
More Electric Vehicles
California Governor Approves Instant ZEV Rebates For First-Time Buyers
That instant rebate is the centerpiece of a broader $600 million package Governor Newsom signed into law, keeping California active in the global clean transportation race.
Read More →
New Vehicle Models Stabilize Electrified Market In Q2
But more credit goes to hybrids than to all-electric vehicles, as more buyers look for fuel-efficient alternatives amid high gas prices.
Read More →
Xos White Paper Asserts LA Olympics Will Lack Enough EV Chargers
The commercial EV fleet company recommends some faster and more flexible remedies to relieve the anticipated shortfall.
Read More →
ChargePoint, Optimus Expand Fast-Charging Network Across Southeastern U.S.
ChargePoint will serve as the exclusive solutions provider, delivering hardware, software, and services to support Optimus’ growing charging network.
Read More →
Running A Profitable Electric Rental Fleet
How do you successfully operate an all-electric rental car fleet? Whether you manage a rental fleet or another commercial fleet, this conversation offers practical lessons on deploying, operating, and scaling electric vehicles.
Read More →
Why Charging May Never Be As Easy As Filling Up Gas
A seamless charge depends on a string of independent companies getting it right together, every time. How can electric fleets navigate the challenges to create a successful charging plan?
Read More →
Slate Debuts Colorful, Unique EV Models
A recent media and client event, studded with electric vehicles dressed up on platforms, planted a new position for the manufacturer in the wider EV market. Fleets will find cost-saving advantages.
Read More →
Slate Electric SUV, Pickup Switchable Model Aims For Light-Duty Fleets
Everything about this EV is counterintuitive and understated, making it stand out from the crowd.
Read More →
Polestar Barred from U.S. Market Under Connected Vehicle Rule
The automaker loses its authorization to sell new vehicles in the U.S., starting with the 2027 model year. Polestar owners will retain access to the brand's service network.
Read More →
Uber, Nuro and Lucid Plan Houston Robotaxi Service in 2027
The tripartite venture brings out the combined advantages of electric vehicles, mobility, and autonomy into ground transportation.
Read More →