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EU carmakers ‘days away’ from halting production as chip crisis deepens

European Automobile Manufacturers’ Association say carmakers are relying on reserve stock of Nexperia chip after China’s export ban

Carmakers in the EU are “days away” from closing production lines, the industry has warned as a crisis over computer chip supplies from China escalates.

The European Automobile Manufacturers’ Association (ACEA) issued an urgent warning on Wednesday saying its members, which include Volkswagen, Fiat, Peugeot and BMW, were now working on “reserve stocks but supplies are dwindling”.

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