About 45% of Ukraine-built wiring harnesses are normally exported to Germany and Poland, placing German carmakers at high exposure, according to S&P. Automakers such as Volkswagen and BMW have been among the most impacted since Russia’s invasion of Ukraine about three weeks ago.
Toyota on Friday said it would suspend operations at more than half its plants across Japan. The world’s largest automaker by volume said 18 production lines at 11 plants (out of 28 lines at 14 plants) would be down for three days next week due to supply problems caused by the earthquake.
“Due to the parts shortage resulting from suppliers affected by the earthquakes, additional adjustments will be made to production operations in some plants in Japan as follows,” Toyota said in a statement.
Renesas, which reportedly makes nearly a third of the microcontroller chips used in cars globally, operates three plants close to the earthquake’s epicenter in northeast Japan, according to the company.
The Tokyo-based semiconductor supplier said it’s attempting to restart the plants and return them to pre-earthquake production volumes by Wednesday, including one as early as Sunday.
Smaller Japanese automaker Subaru on Friday said it would suspend production Friday and Monday at two auto assembly plants and an engine and transmission plant due to the earthquake.
Three days after announcing it’d pump out 100,000 fewer cars next month, it returned Friday to say it’s predicting that target to slide by another 50,000.
Toyota said there was “a possibility” that it could lower its full-year production plan of 9.7 million vehicles.
“It is very difficult to estimate the current supply situation of parts due to the ongoing lockdown in Shanghai,” it said.