The Global Chip Shortage Is Still Causing Big Problems For Car Makers
The pandemic slammed many supply chains, but the supply chain issues in the semiconductor business fell particularly heavily on the auto industry, with big auto brands like BMW and Volkswagen, Ford and General Motors all warning of the impact of the chip shortage on production. AlixPartners has almost doubled its prediction of estimated losses since May of $110 billion to $210 billion. It’s forecasting that auto makers won’t produce 7....