Overview
- European auto stocks rose around 3% after Beijing said it would consider allowing some Nexperia chip exports, with Barclays calling the shift quite positive for the sector.
- Bosch has applied for Kurzarbeit at its Salzgitter engine-control unit plant, citing shortages of Nexperia basichips.
- ZF is preparing short-time work at several German sites, with IG Metall linking Schweinfurt measures to chip shortages and the company pointing to weaker demand.
- Volkswagen reports no production impact at German plants so far and says it is monitoring supply, staying in close contact with suppliers and exploring alternatives.
- Resumed shipments require exemption applications, with Aumovio reported among early filers, and approvals are not guaranteed or expected to be immediate.