EconomyBelgium
Volvo Gent Supplier Collapse: Only 2 of 12 Remain
With Plasman and Benteler closing, only 2 of 12 suppliers remain around Volvo Gent. A union veteran warns: 'Now it is every man for himself.'
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With Plasman and Benteler closing, only 2 of 12 suppliers remain around Volvo Gent. A union veteran warns: 'Now it is every man for himself.'
Volkswagen plans to cut 1 million vehicles of capacity and slash its model lineup by up to 50% as Chinese rivals erode market share in China and Europe.