French auto supplier group warns sector may lose half its jobs

20 Sep 2024 CW Team

The head of the French auto supplier association, Fiev, raised about the potential loss of a significant portion of jobs within the sector. He pointed to a combination of factors contributing to this risk, including a steady decline in car sales volumes, a slowdown in the growth of the electric vehicle (EV) market, and heightened competition from Chinese manufacturers. These challenges are creating an increasingly difficult landscape for French auto suppliers.

Jean-Louis Pech, president of the Federation of Vehicle Equipment Industries, highlighted the gravity of the situation during a press conference. He noted that, based on current trends, the loss of half of the sector's jobs within the next five years was a very real possibility. Pech explained that this scenario would not be an exaggeration, as the rapid pace of change in the industry could lead to job cuts sooner than expected. He warned that the impact could be severe and felt within a short timeframe if the issues facing the sector are not addressed.

Infrastructure Transport

07 Apr 2026

Tunnelling Begins for Thane, Borivali twin tunnel project

Tunnelling work has commenced for the 11.84-km Thane–Borivali Twin Tunnel, set to be India’s longest urban road tunnel, marking a key milestone in Mumbai’s infrastructure development.As per a post shared by Mumbai Metropolitan Region Development Authority on social media platform X, the tunnel boring machine (TBM) ‘Nayak’—the country’s largest single-shield hard rock TBM for an urban tunnel—was launched by Devendra Fadnavis on Tuesday. The event was attended by Eknath Shinde and Sunetra Pawar, among other dignitaries. A second TBM, ‘Arjuna’, is expected to be launched so..

Large Format Store Planned At M G Road Metro Station

M G Road station in Bengaluru is set to host the city’s first large-format commercial and experience space, with planning led by Bangalore Metro Rail Corporation Limited. BMRCL has invited proposals to develop and operate a central business district destination at the Purple?Pink Line interchange. The plan positions the station as a commercial hub designed to serve a broad commuter base across the city. The proposal is part of a broader effort to activate transit nodes commercially. Tender documents set a minimum monthly rental of Rs 0.944 million (mn), inclusive of GST, for the large-format..

Government Cancels Auction Of Eleven Critical Mineral Blocks

The government has cancelled the auction of 11 critical and strategic mineral blocks after receiving a poor investor response and failing to attract a sufficient number of qualified bidders. The decision represents a setback to plans to ramp up domestic exploration and production of critical minerals amid global supply chain disruptions and rising demand for materials used in clean energy and advanced technologies. The mines ministry issued an annulment notice setting out the reasons for the cancellations. The annulment notice indicated that the auction process for five mineral blocks was canc..