Auto Industry Struggles with Shortages Due to China's Rare Earth Export Restrictions

Reported 1 day ago

Automakers are encountering production shortages as a result of China's export restrictions on rare earths. This has led to halted production of several vehicle models, including Ford's Explorer SUV and Suzuki's Swift. The supply chain issues are also impacting European suppliers and could significantly affect electric vehicle production by July, according to industry warnings.

Source: YAHOO

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