On Wednesday, the German machinery and automotive components manufacturer Schaeffler unveiled a cautious outlook for 2025. The European automotive sector is grappling with multiple hurdles, encompassing soaring production costs, complexities in managing the shift to electric vehicles (EVs), and waning demand. Schaeffler forecasts that its electric vehicle business unit will experience an operating margin of between -14% and -17% in 2025, underscoring the severe challenges facing the European EV market.
