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BYD and Forvia Open Seat Plant in Thailand
BYD and Forvia have jointly opened a seat assembly plant in Thailand to support local production, marking their first overseas factory collaboration. The plant aims to produce automotive seats for BYD's Thailand plant with an annual capacity of 180,000 units.
Forvia to Cut 10,000 Jobs, Look to AI in Response to Market Shift
Auto parts supplier Forvia SE plans to reduce its European workforce by 13% in the next five years to focus on electric vehicles. Facing challenges in the Chinese EV market, the company aims for cost savings and increased profitability through restructuring and investment.
Major Auto Supplier For Tesla, VW, Ford to Slash 10K Jobs
Forvia, a major auto supplier, plans to reduce its European workforce by 10,000 jobs over 5 years to enhance competitiveness amidst industry challenges. Job cuts aim to address overcapacity issues and reduce reliance on China.