Practically all carmakers have been laying off people (and are investing in AI) of late. Legacy brands like Nissan, Chinese-owned Volvo (which cut 3,000 jobs back in the spring), Porsche have laid off thousands of employees. New players like China’s BYD has stumbled repeatedly, shelved a large plant over Trump’s tariff concerns, closed a Brazilian project amid allegations of “slavery-like” labor conditions, and failed to secure approval for a $1 billion India facility over New Dehli’s national security concerns.
Practically all carmakers have been laying off people (and are investing in AI) of late. Legacy brands like Nissan, Chinese-owned Volvo (which cut 3,000 jobs back in the spring), Porsche have laid off thousands of employees. New players like China’s BYD has stumbled repeatedly, shelved a large plant over Trump’s tariff concerns, closed a Brazilian project amid allegations of “slavery-like” labor conditions, and failed to secure approval for a $1 billion India facility over New Dehli’s national security concerns.