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The ongoing chip shortage is expected to cost the auto industry $110 billion this year, almost double analysts' estimate from January

1 month ago   |   By Business Insider

Workers build Ford F-150 trucks at one of the automaker's assembly plants.
Associated Press
The semiconductor shortage is expected to cost the global automotive industry $110 billion in 2021.
Ford and GM have cut their earnings expectations by $2.5 billion and $2 billion, respectively.
"This is going to be longer and more difficult than most people think," one dealer told the WSJ.
See more stories on Insider's business page .
The semiconductor chip shortage is roiling the global supply chain , but no sector is feeling it worse than the auto industry. A new estimate from the consulting firm...
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Bipartisan Senate Group Said To Plan $52 Billion Bill To Address Chip Shortage

1 month ago   |   By Forbes

Some estimates say the chip shortage could last until 2023.
Read more ...

 


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