Mercedes, BMW step up response to China export curbs to avoid shortages

Automakers in the US and Europe, including Mercedes-Benz and BMW, are responding to China's export controls on rare earth metals, which threaten global car production. They are negotiating with suppliers to prevent shortages, with Mercedes considering stockpiling. Ford has faced delays in parts due to China's approval process. Analysts warn that if the situation isn't resolved, it could lead to significant production issues and increased costs. The industry is urging the US government to intervene to ensure the continued supply of these critical materials.