Around the Net
Automakers React To Russian Invasion
- Reuters, Monday, February 28, 2022 6:35 PM
Several automakers including Volkswagen and Renault are shuttering or shifting manufacturing operations following Russia's invasion of Ukraine. “The invasion was a factor in consulting firms J.D. Power and LMC Automotive slashing their 2022 global new-car sales outlook by 400,000 vehicles to 85.8 million units,” per Reuters. “For automakers, one of the supply-chain concerns created by the Ukraine conflict centers on the metals palladium, platinum and rhodium used in exhaust-scrubbing catalytic converters.”
