Reported 6 days ago
European automakers are particularly vulnerable to the ongoing dockworkers strike at US East and Gulf Coast ports, as they heavily rely on these locations for parts and vehicle shipments. With 70% of auto parts imports coming through these ports, industry experts caution that a prolonged strike could disrupt supply chains, driving up costs and potentially decreasing vehicle production. Automakers, including major companies such as BMW and Volkswagen, are monitoring the situation closely and implementing contingency plans to minimize impact.
Source: YAHOO