auto

A devastating fire will disrupt operations at a key supplier of the U.S. auto industry for months, The Wall Street Journal reported late Monday.

The Sept. 16 three-alarm fire leveled a key part of a New York aluminum plant operated by Novelis, which industry analysts say supplies about 40% of the aluminum sheet used by the auto industry in the U.S.

Don’t blame the public—it is the auto makers that aren’t ready to go in fast for electric vehicles.

Its customer base that includes Japanese carmakers has witnessed falling sales due to tightened auto loans and consumers opting for more environmentally friendly and fuel cost-efficient choices in electric vehicles.

China’s tightened grip will have ripple effects for the auto industry, as these raw materials are crucial for producing computer chips, brakes, seats and other critical vehicle components, they add.