BERLIN -- German lighting and electronics maker Hella KGaA Hueck & Co. has inquired about government-subsidized short-time work payments because of a potential production slowdown related to the earthquake in Japan, WirtschaftsWoche reported, citing unidentified people close to the company.
The supplier, whose customers include Volkswagen AG and Daimler AG, is concerned that automakers may halt assembly because of a lack of parts from Japan, the newspaper said. The company doesn't see a risk of its own supplies being restricted, WirtschaftsWoche reported.
Hella ranks No. 30 on the Automotive News Europe list of the top 100 global suppliers, with sales to automakers of $4.56 billion in 2009.
Source: Bloomberg with contributions from Douglas A. Bolduc