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The Great Car-Chip Shortage Will Have Lasting Consequences – The Wall Street Journal


The once-obscure world of automotive microchips will never be the same again.

It has been a difficult month for the car industry. Manufacturers such as Toyota and General Motors have announced sweeping reductions to their fall production schedules for want of parts, particularly semiconductors. Consulting firm AlixPartners said Thursday that the chip shortage would likely cost the industry $210 billion in lost revenues this year, which was almost double its May estimate.



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