Major car, van, truck and bus manufacturers are warning that the Dutch government placing semiconductor biz Nexperia under special administrative measures could result in a shortage of automotive chips. The European Automobile Manufacturers' Association ( ACEA) - comprised of 15 members including BMW Group, DAF Trucks, Fiat Chrysler, Ford, Honda, Hyundai, Jaguar Land Rover and Renault - voiced concern about significant disruption unless the situation can be resolved quickly.
Small suppliers to Jaguar Land Rover have been asked to put up their family homes as personal guarantees in order to access emergency loans, with no direct UK government support on offer for parts makers a month after the carmaker was hit by a crippling cyber-attack. JLR, Britain's biggest automotive employer, is considering making advance payments to top-tier suppliers as it tries to restart production after the hack, but smaller parts makers warn they are on the brink of collapse without urgent cash injections.