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The Independent UK
The Independent UK
National
Via AP news wire

Russia war could further escalate auto prices and shortages

Copyright 2022 The Associated Press. All rights reserved.

BMW has halted production at two German factories. Mercedes is slowing work at its assembly plants. Volkswagen, warning of production stoppages, is looking for alternative sources for parts.

For more than a year, the global auto industry has struggled with a disastrous shortage of computer chips and other vital parts that has shrunk production, slowed deliveries and sent prices for new and used cars soaring beyond reach for millions of consumers.

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