Chip shortage to cost carmakers $61 billion in sales
Posted On: Jan. 28, 2021 9:25 AM CST
A report by U.S.-based consulting firm AlixPartners LLP said that global carmakers could lose an estimated $61 billion in revenue in 2021 due to the global shortage of semiconductor chips, Business Insider reported citing Bloomberg. COVID-19 pandemic-driven supply chain disruptions led to chip shortages that forced carmakers, including Toyota Motor Corp., Ford Motor Co., and Volkswagen AG to delay or suspend production.