European Car Production Could Plummet Due To Energy Crisis | Carscoops carscoops
Car production in Europe could fall by more than 1 million vehicles per quarter due to its ongoing energy crisis.
S&P Global Mobility believes that output could begin to fall starting late this year and continue through 2023. Analysts state that parts shortages and supply bottlenecks will weigh most heavily on automakers from November through the spring of 2023 and that things could get worse if energy is cut during the winter months.
While governments in Europe are trying to minimize the impact of the energy crisis, the measures taken may not be enough to shield the automotive industry from production halts. S&P Global Mobility says that just-in-time supply models could face problems and that factories may have to halt “shipments of completed vehicles due to shortages of single components.”
Ireland Latest News, Ireland Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Column: Record European copper premiums as buyers shut out RussiaJust as Aurubis and Codelco aim to grab market share in Europe by replacing Russian metal, they risk losing market share in Asia if large amounts of Russian copper are displaced from the European market.
Read more »
Renault Targets $2.2 Billion Annual Revenue By Recycling Old Cars | CarscoopsRenault's new 'Future Is NEUTRAL' entity aims to be Europe's biggest closed-loop battery recycler
Read more »
Find Us The Quickest 0-60MPH Used Car For Under $20,000 | CarscoopsThere a few very different directions that one can go in the pursuit of all-out accleration
Read more »
Russia Fuels Concerns of Energy Crisis After Striking Key Ukrainian Energy PlantAs Ukraine works to liberate regions Russia previously annexed, concern over the nation's energy supply grows as Russia targeted a key energy plant.
Read more »
German car industry baulks at supplier demands over energy hikesGermany's giant carmakers may have secured their own energy supplies but thousands of small suppliers faced with a squeeze from soaring bills risk upsetting production through the winter.
Read more »