A polycrisis is forcing car giants to confront some hard truths

Western car giants are battling crises on multiple fronts, with declining profits , layoffs and widespread cost-cutting measures showing their strain. From rising production costs to U.S. tariffs , intense competition , supply chain disruptions and regulatory pressures , as well as a bumpy electric vehicle transition — top original equipment manufacturers (OEMs) are caught in a perfect storm. As Mercedes-Benz Group CEO Ola Kà¤llenius recently put it: “Our industry is experiencing heavy rain, hail, storms and snow at the same time.” “It does feel like a polycrisis,” said Sigrid de Vries, director general of the European Automobile Manufacturers’ Association…