Nexteer may go off road as coronavirus crimps supplier activity — Panjiva


Nexteer may go off road as coronavirus crimps supplier activity

China 2205 Cons. Discr. - Autos 797 European Union 520 Theme - Disasters 79 U.S. 3973

The return to business in China after the extended lunar new year holiday is proving far from simple or certain. The automotive sector has been particularly affected as a result of its just-in-time supply chains. It’s emerged that the Chinese government has provided a force majeure certificate to Huida Manufacturing for supplies to Peugeot. Panjiva’s data indicates that the steering components manufacturer has also supplied Nexteer in the U.S. since Aug. 2019. More broadly China represented 7.9% of U.S. steering component imports in 2019 after a 19.0% year over year slump due to U.S. tar...

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