Tesla, Volvo pause production in Europe amid Red Sea shipping crisis

Tesla and Volvo announced last week that they were suspending some of their production in Europe due to a shortage of components caused by shipping being re-routed away from the Red Sea and Suez Canal because of the threat of attack from Iran-backed Houthi militants in Yemen. Tesla told Reuters on Thursday it will suspend most car production at its Gigafactory near Berlin from Jan. 29 to Feb. 11 because of a lack of components that were on ships re-routed away from the Red Sea and Suez Canal to around the C ...