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28 Sep
13:47

Semiconductors to cost global automotive $210 billion: AlixPartners

Global semiconductor shortages will cost the worldwide automotive industry around $210 billion in lost revenue this year, shows the latest forecast of consulting company AlixPartners. This is markedly more than its estimate in May of $110 billion, Kallanish notes. In terms of vehicles, the company is now forecasting that production of 7.7 million units will be lost in 2021, up from 3.9 million in its May forecast. “Of course, everyone had hoped that the chi…
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