US EditionSuzuki Motor halted Swift production due to China's rare earth curbs: Report
- Maruti Suzuki reported on Monday that no immediate disruption has occurred in its production despite China’s recent rare earth magnet export restrictions.
- China imposed new complex export rules in April requiring dual approvals and end-use certificates to prevent military use, prompting industry warnings and government talks in India.
- India’s auto parts makers face risks of magnet shortages by late May, which could halt production in early June unless a delegation of industry leaders visits China within 2-3 weeks.
- China controls over 90% of global magnet processing, exported 2,626 tons in April down 51% year-on-year, while India imported 460 tons last fiscal year mainly from China valued at $30 million.
- Maruti submitted its import application and stated the magnet issue will not materially affect this year’s planned launch of its electric SUV e-Vitara, as described by Rahul Bharti on the sales call.
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Toyota to extend partial production halt after explosion at supplier plant
Toyota Motor Corp. will extend a partial production halt in Japan through Oct. 18 following an explosion at a supplier this week, the automaker says, the latest in a series of problems highlighting issues related to the manufacturing system at the world's largest carmaker.
·Japan
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Suzuki can no longer build his success model Swift, the armaments industry also lacks precursors. Suppliers no longer get enough rare earths from China. Thus, the People's Republic is putting massive pressure on the trade dispute.
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Total News Sources36
Leaning Left4Leaning Right6Center6Last UpdatedBias Distribution38% Center, 38% Right
Bias Distribution
- 38% of the sources are Center, 38% of the sources lean Right
38% Right
L 25%
C 38%
R 38%
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