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Auto Supplier Warns of Resin Shortage Hurting Global Output

The global automotive industry faces a “severe” shortage of a resin used to make fuel and brake components that may interrupt production “in the next few weeks,” according to TI Automotive Ltd.

“The shortage is real and immediate,” William Kozyra, chairman of Auburn Hills, Michigan-based TI Automotive, wrote in an April 12 letter to customers that was obtained by Bloomberg and confirmed yesterday by Frank Buscemi, a company spokesman. “The possibility of production interruptions at some of your facilities in the next few weeks is high.”