Bosch Halts Production At Two China Plants: Reuters

German auto parts supplier Bosch has halted production in the Chinese cities of Shanghai and Changchun following COVID-19 curbs, Reuters reported.
Bosch has closed shutters at a Thermotechnology factory in Shanghai and an automotive components site in Changchun in northeastern Jilin province.
The report noted two other plants in Shanghai and Taicang city are in closed-loop operations, with the workers in isolation from the society.
The sudden surge in COVID-19 cases across China has forced the government to impose strict lockdowns to curb the spread, affecting economic activities.
The report noted companies like Tesla Inc TSLA, Volkswagen AG VWAGY, and Toyota Motor Corp TM were among automakers feeling the pinch of the economic restrictions.
Price Action: TSLA shares are down 0.40% at $972.00 in pre-market on the last check Tuesday.