A semiconductor shortage is negatively affecting the auto industry

The heads of major automotive companies say there’s no immediate end in sight to a global chip shortage that has halted assembly lines across North America and seen new car prices swell.

The semiconductor shortage, caused by the coronavirus pandemic and exacerbated recently as the new delta variant has swept through Asian countries that produce the chips, is likely to last for the rest of the year, according to the auto chiefs.

Gathered in Munich this past weekend for the first major auto show since the start of the pandemic, executives from Volkswagen, Daimler, Ford, and others
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