How much will the shortage of chips result in the global automotive industry?

How much will the shortage of chips result in the global automotive industry?

FineAuto

Consulting firm AlixPartners has revised up its forecasts for the auto industry lost revenue in May due to a global chip shortage.

If in May AlixPartners experts predicted a loss of revenue of $ 11 billion, now they call the figure of $ 210 billion, which is 91% more. According to experts of the consulting company Alix Partners, this year car companies will not be able to produce about 7.7 million cars worldwide.

“Of course, everyone hoped that the chip crisis would be more or less weakened by now, but a series of unpleasant events, such as lockdowns in Malaysia and problems elsewhere, exacerbated the situation,” AlixPartners’ managing director explained the change in forecasts. automotive and industrial Mark Wakefield.

Recall that in recent months, most of the world’s car manufacturers, including Ford Motor, GM, Volkswagen, Jaguar Land Rover, Nissan, as well as Honda, Toyota, Fiat and Chrysler, reported a reduction or suspension of the production of cars due to a shortage of chips , as well as the negative impact of this problem on their income.

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