Tag: wire harness

European Union Car Sales Decline Further in February

March 17, 2022
Business & Economycar sales falleconomyEuropeMarketsThe European UnionVolkswagenwire harnessWorld
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New car registrations in the European Union declined further in February, according to latest data from the European Automobile Manufacturers’ Association (ACEA), signaling continuing logistical issues in the automobile industry and a lack of critical components. New car registrations in the bloc fell by 6.7 percent in February when compared to the same month a…

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Ukraine War Could Cut Down European Car Output by 15 Percent: Wells Fargo Analyst

March 15, 2022
Business & EconomyEuropeeuropean carsMarketsRussia-Ukraine WarUkraine invasionukraine manufacturingwire harnessWorld
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The Russia-Ukraine war could shave off up to 15 percent of European car production in the first half of this year, predicts a Wells Fargo analyst, leading to a contraction in availability of new vehicles. Ukraine is a major supplier of wire harnesses, which are usually one of the first components to be installed in…

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Europe’s Carmakers Scramble to Replace Ukrainian Auto Parts

March 14, 2022
BMWBusiness & EconomyCompaniesEuropeRussia-Ukraine Warwire harnessWorld
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BERLIN—Carmakers including Volkswagen and BMW are scrambling to find alternative sources of vital parts made in Ukraine from as far afield as China and Mexico, as Russia’s invasion halts assembly lines and breaks complex supply chains. The hunt for new supplies is the latest challenge for an auto industry already reeling from soaring metal and…

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