Volkswagen's Capacity Cuts Unsettle Portugal's Auto-Components Industry as a Third Down Year Looms
Volkswagen's plan to cut production capacity 25% and axe half its models is rattling Portugal's auto-components makers, whose exports fell 7% in May. Industry body AFIA warns 2026 will bring more losses and job cuts, though the Autoeuropa plant in Palmela looks set to be spared.