European auto industry in trouble – S&P ...News

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European auto industry in trouble – S&P
source : Russia Today ( News ) () 31
Inflation, supply chain issues and the energy crisis are weighing on output, according to a market data provider With energy prices in EU skyrocketing, a harsh winter could shut down production in parts of the automotive sector, S&P Global Mobility reported this week. According to a report titled “Winter is Coming,” the “combined black swan events” of the Covid-19 pandemic and the war in Ukraine have stretched automotive supply lines, especially with regard to semiconductors. As a result, the industry “may face extensive pressure” from energy costs in the coming months. Starting in the fourth quarter of 2022 throu

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