Automakers will likely cut production capacity on the two continents in 2025 as they face emissions targets and tariffs, while China’s electric vehicle (EV) dominance will increase due to its edge in software and electrification, the firm said. Closures or sales are more likely in high-cost countries, where political and societal pressure will be offset by mounting competition, Gartner VP Analyst Pedro Pacheco told Reuters. “The pressure increases, increases and… that will push the number of automakers to take more pragmatic decisions.”Read More
