19-11-2024
Volkswagen’s recent cost-cutting measures in Germany have raised concerns within the European automotive industry. However, Lithuanian industry leaders are seeing this as a unique opportunity for growth and expansion.
Giedrius Valuckas, Chairman of the Baltic Automotive Components Cluster (BACC), comments: “While Lithuania’s suppliers may not be directly impacted, this shift presents a prime opportunity to position our country as a reliable and sustainable partner for the automotive sector.”
With Lithuania’s strong IT infrastructure and commitment to green manufacturing, the country is well-positioned to meet the growing demand for sustainable and efficient solutions in the industry.
As production continues to shift toward Central and Eastern Europe, Lithuania is poised to play a critical role in supporting this transformation. However, tackling rising costs and addressing the talent gap will be essential for maximizing these opportunities and ensuring continued success in the region.
About Baltic Automotive Components Cluster (BACC)
The Baltic Automotive Components Cluster (BACC) is an influential organization focused on advancing the automotive and mobility industries across the Baltic region. Through collaboration, innovation, and sustainable practices, BACC supports its members in driving the future of mobility.
