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Europe's car manufacturers have been hit by another roadblock. Following logistics backlogs caused by COVID-19 shutdowns and a scarcity of semiconductors, they must now navigate the complications of rising energy prices and potential power cuts.
Germany approved a 200-billion-euro (about $199 billion) energy relief package on October 21 to help ease skyrocketing prices for industries and households. This comes as the country's car makers suffer a blow from the ongoing energy crisis.