Major automotive manufacturers across the US and Europe have raised concerns after Beijing imposed new restrictions on the export of rare earth elements. These regulatory measures threaten to disrupt the intricate supply chains underpinning global vehicle production, with direct implications for both electric and internal combustion engine segments.
Ford Motor Co. $F is bracing for renewed disruption in Europe as unionized workers at two of its plants in Cologne, Germany, prepare to go on strike this Wednesday. The announcement, made by a union representative on Monday, adds another layer of complexity to the automaker's already strained European operations. Details regarding the scope and duration of the walkout remain limited, and both the company and union have yet to issue formal statements in response.