Overview
- CEO Oliver Blume said Volkswagen has a short-term buffer and urged a swift political solution to the standoff.
- Dutch authorities seized control of Nexperia on Sept. 30, prompting China to block exports of the company’s finished products from its Chinese plants.
- Industry groups in Europe and the United States warn that vehicle assembly could face disruptions within weeks if shipments are not restored.
- Suppliers are validating alternatives, with Valeo reporting replacements for more than 95% of previously Nexperia-sourced components as requalification continues.
- Porsche disclosed a near €1 billion third-quarter operating loss, with the brand set to hand the CEO role to Michael Leiters.