While the Russian invasion of Ukraine last month didn’t have a major impact on sales, that will change in the future. Ukraine is a major source of wiring harnesses that power electrical systems in automobiles. Shutting down factories in the country could cut European auto production by as much as 700,000 vehicles in the first half, Colin Langan, an analyst at Wells Fargo & Co., said in a report this week.
This post Car sales in Europe reach record high for February over supply snaps was original published at “https://www.bloombergquint.com/business/europe-car-sales-hit-record-low-for-february-over-supply-snarls”
