Why?
Carmakers including Germany's Volkswagen (VOWG_p.DE), BMW and Porsche are struggling to obtain crucial wire harnesses as suppliers in western Ukraine have been shuttered by the Russian invasion, forcing them to curtail production.
Production of the part, needed for organizing miles of vehicle cables, has affected suppliers like Leoni (LEOGn.DE), Fujikura (5803.T) and Nexans (NEXS.PA), and rippled through to major carmakers.
Production of the part, needed for organizing miles of vehicle cables, has affected suppliers like Leoni (LEOGn.DE), Fujikura (5803.T) and Nexans (NEXS.PA), and rippled through to major carmakers.
Porsche will have their other Leipzig plant which was shut down last week running again but who knows what will happen next. The situation is clearly unpredictable.
Source