AutomotiveSupplier

Continental to Lay Off 3,000 Workers Amid Financial Struggles in Auto Division

4 days ago

In a significant move to address ongoing financial challenges, Continental AG, the renowned German automotive supplier, has announced an ambitious plan to reduce its workforce by approximately 3,000 jobs. This decision comes as the company grapples with a downturn in its automotive unit, which has been underperforming in recent months, leading to increased scrutiny and pressure for cost-cutting measures.

Stellantis Supplier CLN Faces Financial Strains with Debt Hangover

4 months ago

In an unsettling turn of events for automotive supplier CLN, the company is grappling with mounting financial pressures as it devises a strategic business plan to navigate through significant debt challenges. This restructuring comes at a critical juncture, particularly as its longstanding relationship with Stellantis, a global automotive leader, remains under scrutiny.