European and U.S. Tensions Over Chinese-Owned Chipmakers Impact Car Industry
Automakers in Europe are preparing for potential disruptions in chip supplies due to China's retaliatory export controls on Dutch supplier Nexperia, which could lead to production halts. The industry is seeking alternative sources as current stockpiles are limited, amid escalating US-China trade tensions and China's export restrictions on key materials. Major companies like Volkswagen and Bosch are monitoring the situation and working to mitigate risks, but the disruption could impact global automotive production if not resolved quickly.