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The engines will not be exported to the U.S., but it’s unclear which countries they will be sent to, a source told Bloomberg. An announcement is expected as early as this week.

Honda said it has cut or suspended production this week at some plants in North America as a countermeasure to the chip shortage, which stems from China blocking Nexperia from exporting products.

The total includes 3,400 workers that were furloughed over the summer at its Factory Zero plant in Detroit, where the electric Chevrolet Silverado, GMC Sierra and Hummer EVs are made.

Europe’s auto industry is preparing for production disruption within days because of China’s export restrictions on semiconductors made by Nexperia. The U.S. is likely to be affected too.

Stellantis reaffirmed its commitment to its Italian manufacturing operations, making a pledge to hire 400 additional workers to bolster production at its Mirafiori plant in Turin.

The Commerce Department is slated to announce a five-year extension for an arrangement that allows automakers to reduce what they pay in tariffs on imported car parts.

GM Financial’s private deal is notable because the car manufacturing and finance giant is one of the best-known borrowers in public bond markets.

More than 5,000 new jobs will be spread across plants in Illinois, Ohio, Michigan and Indiana.

Car companies are stepping in to preserve discounts and smooth the sell-down of existing EV inventory after the federal EV subsidy phased out Sept. 30.

Auto part supplier First Brands Group is preparing to enter bankruptcy with no restructuring plan in place, a sign of how quickly the company’s fortunes are unraveling, sources said.