EU carmakers ‘days away’ from halting work as chip war with China escalates

Industry body says reserves of Nexperia semiconductors are dwindling after Beijing bans exports of key components

Carmakers in the EU are days away" from closing production lines, the industry has warned, as a crisis over computer chip supplies from China escalates.

The European Automobile Manufacturers' Association (ACEA) issued an urgent warning on Wednesday saying its members, which include BMW, Fiat, Peugeot and Volkswagen, were now working on reserve stocks but supplies are dwindling".