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Auto Suppliers Cut Tens of Thousands as ICE Era Ends

Bosch plans five-digit cuts, ZF posts €1B loss and replaces CEO

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TLDR: Bosch cutting tens of thousands by 2030 and ZF posting a €1B 2024 loss show how ICE suppliers collapse as EVs erase complexity and Chinese cost benchmarks rewrite the math. The supply base is shrinking to match a future with 200 parts per vehicle instead of 1,400.


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Updated: Oct 16, 2026 — 4:16 AM MT
Strait of Hormuz
229
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Day 229 — CENTCOM: projectile sank the GFS Pride; strike in Aden kills at least 4 (AFP). The strait remains closed.
Day 229: CENTCOM says a projectile, not a mine, sank the GFS Pride; a strike on Aden's presidential palace kills at least 4 (AFP).
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