Russia war could further escalate auto prices and shortages
DETROIT (AP) — BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages…
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DETROIT (AP) — BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages…
After a global shortage of computer chips, Russia's war is bringing yet another set of problems to the global auto industry.
With buyer demand high, materials scarce and the war causing new disruptions, vehicle prices are expected to head higher
Many of the automotive companies and suppliers that have moved operations outside of Ukraine or Russia might not be quick to return.
The global auto industry just can't catch a break: automobile wire harnesses made on picnic tables because of a war in Ukraine, semiconductor plants halting production from an earthquake in Japan and backed-up ports in China amid rising COVID-19 cases are straining vehicle supply chains -- again.