While regional sales will be impacted, the closing of the Strait of Hormuz and rising oil prices will have ripple effects across the global automotive industry.
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DETROIT — Toyota Motor
, Hyundai Motor and Chinese automakers such as Chery face the most potential impact of non-domestic automakers from the U.S.-Israel war with Iran, according to an analysis by Bernstein.
Those international automakers account for roughly a third of sales in the Middle East, according to the report, led by Toyota at 17%, Hyundai
at 10% and Chery
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