Automakers hunt high and low for chips as supply crisis worsens
NegativeFinancial Markets

The ongoing chip shortage is causing significant challenges for automakers, as they scramble to secure the necessary semiconductors for vehicle production. This crisis not only disrupts manufacturing schedules but also impacts the overall automotive market, leading to delays and increased prices for consumers. As the demand for vehicles remains high, the struggle for chip supplies highlights the vulnerabilities in global supply chains and the urgent need for solutions to stabilize production.
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