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Why Tiny Microchips Are Crippling The Global Auto Industry And Driving Up Prices



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 1 month ago '10        #1
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Shhon 
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Why Tiny Microchips Are Crippling The Global Auto Industry And Driving Up Prices
 

 




CNBC
May 11, 2021

While the automotive industry was ravaged early on in the pandemic thanks to lockdown measures and a dramatic decrease in travel, it more recently has begun facing a new problem: a shortage of microchips. Microchips are vital to much of a vehicle’s key functions, such as engine control, transmission, infotainment systems, and more.

In the last half of 2020 and now in 2021, vehicle sales recovered fairly quickly, faster than automakers anticipated. Suddenly, they were struggling to meet demand. At the same time, chipmakers were experiencing supply shortages and increased demand from other sectors, such as personal electronics.

With the resulting lack of microchip supply, automakers have been forced to slow production, even on their most popular models. For several automakers, the shortage is expected to cost them $1 billion or more — and even still, the alternatives are worryingly few.
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 1 month ago '10        #2
Big Louie Guwop  topics gone triple plat - Number 1 spot x6
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 1 month ago '06        #3
unclejuju 
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My job just sent out an email about this yesterday. Whatever company car you have, you stuck with that bi*ch for the time being lol. Glad I got my new one in January before this Bullsh*t started.
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 1 month ago '20        #4
Xiox  topics gone triple plat - Number 1 spot x1
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Man fuk those greedy automakers

 1 month ago '13        #5
BLACK MAMBA 
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Or cuz they’re putting them all in peoples arms
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 1 month ago '11        #6
Papa Shango 
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Rare Earth Elements are becoming a problem much quicker than many people were ready for

 1 month ago '07        #7
Itzike 
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 unclejuju said
My job just sent out an email about this yesterday. Whatever company car you have, you stuck with that bi*ch for the time being lol. Glad I got my new one in January before this Bullsh*t started.
Sold my two leases to carmax and leased two new joints. Pocketed $8k
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