Global computer chip storage to 'cost car makers almost £80bn this year'

Sign up to FREE email alerts from BusinessLive - Manufacturing Invalid Email Something went wrong, please try again later. Subscribe Thank you for subscribing We have more newsletters Show me See our privacy noticeThe global shortage of semiconductors, which led to Jaguar Land Rover to temporarily close plants in the North West and West Midlands, will cost car makers almost £80bn in lost revenue this year, a report has said. Global consulting firm AlixPartners said its estimate had almost doubled since its last study at the start of the year. Car companies across the world, including some in the UK, have been hit by the shortage. In April JLR announced that it was to temporarily shut down production at two of its main UK factories over a shortage of computer chips.