NEW YORK:Oil prices rose on Monday on optimism that China would see significant demand recovery after positive signs that the country's coronavirus pandemic was receding in the hardest-hit areas.
How big is the impact of the Russian-Ukrainian crisis on the automobile industry? What is the cost of disrupting the global supply chain under the Russian-Ukrainian crisis? For Toyota, the figure is about $520-the world's largest carmaker's estimate of an increase in production costs per car! Compared with the previous fiscal year, seven Japanese passenger car manufacturers will face an increase in raw material costs of about 1.4 trillion yen ($11.5 billion) in the year to March, said Seiji Sugiura, an analyst at Tokyo Research Institute in the East China Sea.
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