European vehicle manufacturers are forced to suspend production due to rare earth shortages, and the global auto industry is facing severe challenges.

Lack of rare earth, multiple European car manufacturers shut down production lines

Due to China's restrictions, a severe rare earth shortage has occurred in Europe, leading to the inability to manufacture core components. Several car manufacturers have already started shutting down production lines and factories. If the sanctions are not lifted, most European car companies will halt operations next month. The factory shutdowns will trigger a wave of layoffs.

The situation is slightly better in the United States, where there is enough rare earth supply until July. If the sanctions are not lifted by July, most U.S. car companies will also face factory closures and layoffs. Currently, the U.S. Auto Workers Association has begun pressuring Trump to resolve the rare earth shortage and the potential unemployment crisis it may cause.

Source: https://www.toutiao.com/article/1834087756029063/

Disclaimer: The article solely represents the author's viewpoint.