Auto Trade Faces Vital Danger Publicity From The Looming European Power Crunch
alvarez
With power costs in Europe skyrocketing, putting enterprise backside traces in triage mode, a harsh winter may place sure automotive sectors vulnerable to being unable to maintain their manufacturing traces working.
The mixed black swan occasions of the COVID-19 pandemic and the Russian invasion of Ukraine have already stretched the automotive provide line – particularly in regard to semiconductors. Now, some OEMs and suppliers with energy-intensive manufacturing processes could face in depth stress by way of power prices within the coming months.
Consequently, potential manufacturing losses from Europe-based OEM final-assembly crops may attain greater than 1 million items per