European automotive giant faces unprecedented crisis as it slashes production capacity and trims its model lineup in a desperate bid to remain competitive in a rapidly shifting market. The move comes as the company grapples with soaring production costs, intensifying competition from Chinese rivals, and crippling tariffs imposed by major trading partners. Industry insiders warn that the drastic measures could have far-reaching consequences for the company's global supply chain and thousands of employees. As the European automaker struggles to maintain its market share and profitability, investors and analysts are left wondering if the drastic cuts will be enough to stem the tide of declining sales and profits.
Europe's largest automaker announces major capacity cuts and model reductions as high costs, Chinese rivals and tariffs squeeze profit margins.
