“The war in Ukraine has led to plant closures across Germany and a likely loss of around 150k units in March alone,” James Norris, Senior Analyst, European Light Vehicle Production at the respected LMC Automotive counsultancy said today. By the beginning of March this year, following Russia’s invasion of Ukraine, almost all automotive production in the two warring countries had come to a complete standstill. The problem for German automakers is that are dependent on Eastern European suppliers, including Ukraine.
German Automakers Bearing Brunt of Putin’s War on Ukraine
