Russia May Nationalize Carmakers’ Assets amid Ukraine Invasion

Subsequent just about two a long time of provide-chain challenges, Russia’s invasion of Ukraine is causing much more challenges for automakers in Europe in addition to the awful human toll…

Porsche Pausing Some Production Because of Ukraine Invasion

A leaked internal email says that Porsche is shutting down a variety of car or truck production strains in Europe owing to disruptions of the offer chain, which include wiring…

Nikita Mazepin terminated by Haas following Russian invasion

KANNAPOLIS, N.C. — The Haas System A person staff has terminated Russian driver Nikita Mazepin’s contract “with immediate effect” following Russia’s invasion of Ukraine. Mazepin tweeted he was “very disappointed”…

Automakers idle production after Ukraine invasion; other firms also scramble

Cars and trucks stream out of Kyiv, Ukraine, as Russian forces close on the capital. (Reuters)   Quite a few providers, such as automakers Volkswagen and Renault, tire maker Nokian…

Russian invasion of Ukraine to further strain U.S. chip supply

A chip built by Taiwan Semiconductor Production Firm TSMC Russia’s invasion of Ukraine could even more strain the supplies of semiconductor chips that have presently brought about world production disruptions…