Auto Supplier Mahle Reports Significant Revenue Decline in 2024

Economic challenges, weak vehicle demand, and slow EV adoption drive a 1.1 billion euro drop in Mahle's annual revenue.

Mahle's revenue fell from 12.8 billion euros in 2023 to 11.7 billion euros in 2024, reflecting a challenging year for the automotive industry.
Key markets in Europe and North America saw weaker-than-expected performance, while India and South America showed positive growth for the company.
Mahle continues its transition away from internal combustion engines, with over 60% of its revenue now independent of traditional car engines.
The company closed two plants in Europe in late 2024 and plans to shut down a U.S. facility in early 2025 as part of its restructuring efforts.
CEO Arnd Franz has called for a revision of EU CO2 regulations to include lifecycle emissions and support for hybrid and sustainable fuel technologies ahead of the 2035 combustion engine ban.