News and not quite true news. It maybe 850000 cars for the total...

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dim010

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29/03/24

15:14

Post #: 73118558
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Originally posted by onetricky: ↑

the car industry can't catch a break.

government forced ev mandates all over the shop and now a major supply chain issue which will affect global production.

factor in a eu and us market that is shying away from chinese made in a bid to save there own industries, and you have a fragmented car industry with a headless chicken ruling the roost.

Will the Baltimore Bridge Accident Affect the Auto Industry?

'The Port of Baltimore has grown over the past decade to become the port of entry and exit of vehicles and automotive parts in the United States. In 2003, nearly 850,000 cars and light trucks passed through the port, more than any other port in the country. In January 2024 alone, 23,214 automotive shipments were imported, and 5,064 were exported. Manufacturers, including Nissan, Toyota, General Motors, Ford, Volvo, Jaguar Land Rover, and Volkswagen Group (including luxury brands like Audi and Lamborghini) use Baltimore as their base for shipping to and from Europe.'

https://cars.usnews.com/cars-trucks...more-bridge-accident-affect-the-auto-industry

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News and not quite true news. It maybe 850000 cars for the total port but a large percentage of those aren't impacted they are on the East side of the bridge- still open to the sea lane. There are also a lot of ports nearby that will take up the slack very quickly. There will be some delays of course but watch and see how quickly it's dealt with.

PLS Price at posting: $3.83 Sentiment: Hold Disclosure: Held
3 Upvote

1 Great analysis

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