Manufacturer insight - Page 9
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EV market faces deepening crisis as residual values plummet, finds ADS
Plunging residual values in the electric vehicle (EV) market are creating substantial financial challenges for leasing companies, manufacturers, and customers alike, according to Auto Data Solutions (ADS) which is warning of a prolonged impact on the sector.
Market insight
4 Dec 2024
News
Ford to lay off 4,000 workers across Europe, 800 in the UK
Ford plans to cut 4,000 jobs across Europe by 2027, including around 800 roles in the UK, as the company responds to slow demand for electric vehicles (EV) and intensifying competition from Chinese car makers.
Manufacturer News
20 Nov 2024