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Russia War Could Further Escalate Auto Prices and Shortages
Russia War Could Further Escalate Auto Prices and Shortages
By TOM KRISHER and KELVIN CHAN, AP Business Writers
DETROIT (AP) — Russia's devastating war on Ukraine is bringing a whole set of new problems to the global auto industry, just as it was starting to recover from the pandemic and computer chip shortages.
In the short term, the invasion has choked the supply of electrical wiring made in Ukraine, forcing German automakers to temporarily close factories while they wait for the critical part.
Long term, Russian supplies of precious metals, aluminum and pig iron, a primary ingredient in steel, could be cut off, either by Moscow or sanctions from other countries.
Ukraine and the World's Response to Russia's Attack - February 24, 2022 to Present
The following images help document Russia's invasion of Urkaine, and the world's response. The reader is STRONGLY CAUTIONED that this gallery CONTAINS GRAPHIC IMAGES, some of which include IMAGES OF DEATH. As of March 5, 2022 the gallery includes images that are not suitable for all readers. The reader is cautioned not to view this gallery without discretion.
Some Major US Companies Pulling Out Of Russia Over Ukraine
Here are some of major U.S. corporations who are halting business operations in Russia to protest the ongoing war with Ukraine.
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