The global chips shortage is wreaking US$110 billion of havoc on carmakers from Ford to General Motors

//The global chips shortage is wreaking US$110 billion of havoc on carmakers from Ford to General Motors

The global chips shortage is wreaking US$110 billion of havoc on carmakers from Ford to General Motors

As the semiconductor shortage hobbling the global automotive industry has worsened, its cost as a hit to sales has almost doubled to US$110 billion, up from an earlier estimate of US$61 billion.That’s the latest assessment of AlixPartners, a global consulting firm closely monitoring the widening crisis. It also now says the world’s carmakers will lose 3.9 million vehicles of production to the chip shortage this year, more than its prediction four months ago of 2.2 million. That’s about 4.6 per…

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By | 2021-05-14T06:22:54+00:00 May 14th, 2021|Technology|Comments Off on The global chips shortage is wreaking US$110 billion of havoc on carmakers from Ford to General Motors