Steering industry has to navigate coronavirus as Huida declares force majeure — Panjiva
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Steering industry has to navigate coronavirus as Huida declares force majeure

China 3047 Cons. Discr. - Autos 1246 Coronavirus 511 European Union 877 U.S. 5398

The return to business in China after the extended lunar new year holiday is proving far from simple or certain. The automotive sector has been particularly affected as a result of its just-in-time supply chains. It’s emerged that the Chinese government has provided a force majeure certificate to Huida Manufacturing for supplies to Peugeot. Panjiva’s data indicates that the steering components manufacturer has also supplied Nexteer in the U.S. since Aug. 2019. More broadly China represented 7.9% of U.S. steering component imports in 2019 after a 19.0% year over year slump due to U.S. tar...

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