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Porsche Struggles with Severe Supply Shortage Following Flood at Aluminum Supplier's Factory

August 01, 2024 2 min read
author Anamika Mishra, Sub Editor
Luxury , a German car maker Porche, says that a recent flood at a crucial European supplier's factory has left them with a "severe supply shortage" for aluminum vehicle components. In its midyear financial report, Porsche stated that the aluminum supplier has warned its clients of a "force majeure" occurrence, which means that circumstances beyond the factory's control will prevent it from fulfilling its contractual obligations to carmakers. Porsche anticipates this disruption affecting every car it produces, and believes it may be obliged to temporarily halt production for one or more of its vehicle series in the coming weeks. According to Reuters, the aluminum scarcity

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