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Global growth slows, automakers chip crisis eases

Global growth slows, automakers chip crisis eases

Source:本站Time:2022-06-07Views:

A global semiconductor shortage that has plagued the auto industry for nearly two years is showing signs of easing. Automakers such as Mercedes-Benz, Daimler Trucks and BMW Group have now secured enough of the high-tech parts to go full steam after fa…

A global semiconductor shortage that has plagued the auto industry for nearly two years is showing signs of easing. Automakers such as Mercedes-Benz, Daimler Trucks and BMW Group have now secured enough of the high-tech parts to go full steam after facing months of chip shortages.


The breakthrough, which came sooner than the companies expected, is a bright spot for an auto industry facing a deteriorating economy and inflation, which is in the midst of a historic transition to electric vehicles. Automakers are cheering the improvement in chip supply, but have yet to declare victory.


The chip shortage is so severe that global passenger car production shows little sign of returning to pre-pandemic levels. Automakers are digesting the glut of orders they have accumulated as chip supplies improve, and the worry now is how to maintain consumer demand amid accelerating inflation and higher interest rates.


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