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IPFS News Link • Transportation

U.S. Car Industry Most Reliant On Chinese Parts

• https://www.zerohedge.com by Tyler Durden

Considering that Wuhan, the outbreak's epicenter, is often referred to as "China's Motor City", Statista's Felix Richter notes that the automotive sector is among the industries most exposed to the negative impact of the virus. Not only will Chinese production suffer a significant hit due to extended shutdowns, but many manufacturers around the world who rely on Chinese parts are facing production outages.

"It only takes one missing part to stop a line," Mike Dunne, an industry consultant formerly heading GM's operations in Indonesia, told CNN.

Last week, Fiat Chrysler Automobiles (FCA) said it would be temporarily halting production at a plant in Kragujevac, Serbia due to a lack of parts from China, while Hyundai and Renault have done the same in South Korea.


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