A visitor inspects the newly launched Honda QC1 electric scooter, in Bengaluru on November 27, 2024. (Photo by Idrees MOHAMMED / AFP) (Photo by IDREES MOHAMMED/AFP via Getty Images)

Employees of US car giant Ford carry posters reading (L-R) "We ask for a sustainable passenger car strategy", "Where is the Ford passenger car strategy?" and "Salami tactics - slice after slice approaching the finish line" as they arrive to attend a works meeting on November 27, 2024 at the company's plant in Cologne, western Germany. Ford earlier had announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. Europe's car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China. (Photo by Oliver Berg / POOL / AFP) (Photo by OLIVER BERG/POOL/AFP via Getty Images)

Employees of US car giant Ford pose with their posters on stage prior to a works meeting on November 27, 2024 at the company's plant in Cologne, western Germany. Ford earlier had announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. Europe's car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China. (Photo by Oliver Berg / POOL / AFP) (Photo by OLIVER BERG/POOL/AFP via Getty Images)

Benjamin Gruschka, chairman of the works committee of US car giant Ford's plants, addresses employees attending a works meeting on November 27, 2024 at the company's plant in Cologne, western Germany. Ford earlier had announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. Europe's car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China. (Photo by Oliver Berg / POOL / AFP) (Photo by OLIVER BERG/POOL/AFP via Getty Images)

An employee of US car giant Ford carries a poster reading "Employees are no products" as he arrives to attend a works meeting on November 27, 2024 at the company's plant in Cologne, western Germany. Ford earlier had announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. Europe's car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China. (Photo by Oliver Berg / POOL / AFP) (Photo by OLIVER BERG/POOL/AFP via Getty Images)

Employees of US car giant Ford wait for the start of a works meeting on November 27, 2024 at the company's plant in Cologne, western Germany. Ford earlier had announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. Europe's car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China. (Photo by Oliver Berg / POOL / AFP) (Photo by OLIVER BERG/POOL/AFP via Getty Images)

Employees of US car giant Ford wait for the start of a works meeting on November 27, 2024 at the company's plant in Cologne, western Germany. Ford earlier had announced 4,000 more job cuts in Europe, mostly in Germany and Britain, in the latest blow to the continent's beleaguered car industry. Europe's car industry has been plunged into crisis by high manufacturing costs, a stuttering switch to electric vehicles and increased competition in key market China. (Photo by Oliver Berg / POOL / AFP) (Photo by OLIVER BERG/POOL/AFP via Getty Images)

Tsutsumu Otani, the managing director, president and chief executive officer of Honda motorcycle and scooter India speaks during the launch of the Honda Activa-e and QC1 electric scooters, in Bengaluru on November 27, 2024. (Photo by IDREES MOHAMMED / AFP) (Photo by IDREES MOHAMMED/AFP via Getty Images)