Connected Car
The semiconductor chip shortage has caused a number of automakers to cut production or temporarily idle plants, and the delays are starting to add up. According to the latest forecast from AlixPartners, the chip crisis will result in 3.9 million less vehicles being produced this year. That’s a massive number and the firm said it will cost automakers approximately $110 (£78 / €90) billion in revenue. In particular, the company told CNBC the biggest impact on automotive production will likely occur in the second quarter. Senators are preparing to unveil a $52 (£36 / €42) billion proposal to significantly increase chip production in America.