German media: China-Netherlands chip dispute affects global automotive industry
According to a previous report by Al Jazeera, the China-Netherlands chip dispute has shocked the global automotive industry, with major companies such as Honda, Ford, and General Motors announcing cuts or suspension of production at their factories in North America and Europe.
Honda said that due to the exhaustion of chips supplied by Nexperia, it has temporarily suspended operations at its Canadian factory and reduced the capacity of its Mexican factory by 50%.
The European Automobile Manufacturers Association said that the current stock of Nexperia chips is "only enough to last a few weeks," and pointed out that "supply disruptions could lead to widespread interruptions at factories on the European continent."
Mercedes-Benz explained that its short-term reserves are "only enough for the near term," while Volkswagen confirmed that although it has secured the necessary parts for the first few weeks of November, if the ban continues, the company may struggle to meet its 2025 financial goals.
According to Al Jazeera, Volkswagen's CFO Arno Antlitz said the company expects "its operating profit margin to reach the upper limit of 2% to 3% this year," but he warned that "the continuation of the chip crisis could jeopardize this goal."
In Germany, Aumovio SE, which was recently spun off from Continental AG, announced that it "is preparing for potential reduced working hours due to supply bottlenecks."
The Society of Motor Manufacturers and Traders (SMMT) said that if this dispute is not resolved, U.S. factories "will face significant impacts within a few weeks."
Sources: BBC + Al Jazeera + German media + Reuters
Original: www.toutiao.com/article/1847696474977292/
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