The global chip shortage has had a significant impact on car production. Automakers are expected to lose billions of dollars in earnings this year due to a shortage of highly important semiconductor chips. The shortage has even impacted the car rental industry’s ability to receive new vehicle orders as quickly as they would like.
Some companies have adapted by supplementing their fleet by purchasing low-mileage, preowned vehicles from auctions and dealerships. Others have suspended operation at some plants to focus efforts on truck assembly, where the margins are better.
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The Impact of the Chip Shortage on the Automotive Industry
4 napja | 0 hozzászólás
The global chip shortage has had a significant impact on car production. Automakers are expected to lose billions of dollars in earnings this year due to a shortage of highly important semiconductor chips. The shortage has even impacted the car rental industry’s ability to receive new vehicle orders as quickly as they would like.
Some companies have adapted by supplementing their fleet by purchasing low-mileage, preowned vehicles from auctions and dealerships. Others have suspended operation at some plants to focus efforts on truck assembly, where the margins are better.
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