Current:Home > MarketsTesla puts German factory production on hold as Red Sea attacks disrupt supply chains -FutureFinance
Tesla puts German factory production on hold as Red Sea attacks disrupt supply chains
View
Date:2025-04-25 05:41:47
BERLIN (AP) — Tesla says it’s temporarily halting most production at its German factory because of attacks in the Red Sea, a vital global shipping corridor.
The electric vehicle maker said in a statement Thursday night that its factory near Berlin, which makes Model Y vehicles and batteries, will pause from Jan. 29 to Feb. 11.
It’s a fresh sign of how the hostilities in the Mideast are disrupting global manufacturing supply chains, with shipping companies reporting that they’re being forced to reroute vessels carrying goods and components on the longer route around the southern tip of Africa. Analysts say the detour adds 10 days or more to the journey.
“The armed conflicts in the Red Sea and the associated shifts in transport routes between Europe and Asia via the Cape of Good Hope are also affecting production in Grünheide,” Tesla said. “The significantly longer transport times create a gap in the supply chains.”
The U.S. led airstrikes on Thursday against Yemen’s Houthi rebels in response to their attacks on Red Sea shipping,
Tesla said normal operations are expected to resume on Feb. 12. The factory in Grünheide, southeast of Berlin, is Tesla’s first in Europe. It opened in 2022 and employs 11,000 workers.
veryGood! (2367)
Related
- The Super Bowl could end in a 'three
- Vin Diesel to stay with 'Fast and Furious' franchise after sexual assault lawsuit
- Cillian Murphy opens up about challenges of playing J. Robert Oppenheimer and potential Peaky Blinders film
- If Mornings Make You Miserable, These Problem-Solving Finds Will Help You Get It Together
- US wholesale inflation accelerated in November in sign that some price pressures remain elevated
- From 'The Holdovers' to 'Past Lives,' track your Oscar movie watching with our checklist
- 'SNL' host Shane Gillis addresses being fired as a cast member: 'Don't look that up'
- He didn't want his sister to die. But her suffering helped him understand her choice
- Trump suggestion that Egypt, Jordan absorb Palestinians from Gaza draws rejections, confusion
- Cuban cabaret artist Juana Bacallao dies at 98
Ranking
- Pressure on a veteran and senator shows what’s next for those who oppose Trump
- The tooth fairy isn't paying as much for teeth this year, contrary to market trends
- Inexpensive Clothing Basics on Amazon that Everyone Needs in Their Wardrobe STAT
- Inter Miami vs. LA Galaxy: How to watch Lionel Messi, what to know about tonight’s game
- Mets have visions of grandeur, and a dynasty, with Juan Soto as major catalyst
- The next sports power couple? Livvy Dunne's boyfriend Paul Skenes is top MLB prospect
- Nex Benedict mourned by hundreds in Oklahoma City vigil: 'We need change'
- Have a look at the whos, whats and whens of leap year through time
Recommendation
Romantasy reigns on spicy BookTok: Recommendations from the internet’s favorite genre
Biggest moments from the SAG Awards, from Pedro Pascal's f-bomb to Billie Eilish's Sharpie
A private island off the Florida Keys for sale at $75 million: It includes multiple houses
Stock market today: Asian shares mostly decline, while Tokyo again touches a record high
Arkansas State Police probe death of woman found after officer
Warm weather brings brings a taste of spring to central and western United States
Trump's civil fraud judgment is officially over $450 million, and climbing over $100,000 per day
2024 SAG Awards: Carey Mulligan Reveals What She Learned From Bradley Cooper